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Nippon Accommodations Fund Inc. Secures 2 Billion Yen Loan for Debt Repayment

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Nippon Accommodations Fund Inc. Secures 2 Billion Yen Loan for Debt Repayment

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Nippon Accommodations Fund Inc. ( (JP:3226) ) has provided an announcement.

Nippon Accommodations Fund Inc. has announced a borrowing of 2 billion yen from Sumitomo Mitsui Trust Bank, Limited, with a fixed interest rate of 1.392%, to be used for repaying existing borrowings. This financial move maintains the company’s interest-bearing debt levels and ratios unchanged, indicating stable financial management without altering its risk profile.

The most recent analyst rating on (JP:3226) stock is a Sell with a Yen109000.00 price target. To see the full list of analyst forecasts on Nippon Accommodations Fund Inc. stock, see the JP:3226 Stock Forecast page.

More about Nippon Accommodations Fund Inc.

Nippon Accommodations Fund Inc. is a real estate investment trust focused on managing and investing in accommodation facilities. It operates under the management of Mitsui Fudosan Accommodations Fund Management Co., Ltd., which is involved in real estate investment trust securities.

Average Trading Volume: 5,684

Technical Sentiment Signal: Buy

Current Market Cap: Yen332.8B

Find detailed analytics on 3226 stock on TipRanks’ Stock Analysis page.

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