Nippon Accommodations Fund Inc. (JP:3226) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Nippon Accommodations Fund Inc. has announced the borrowing of 1.0 billion yen from The Hachijuni Bank, Ltd. at an interest rate of 1.243%, with the maturity date set for August 31, 2034, and the purpose of the loan being to repay existing debts. The financial move will maintain the company’s total interest-bearing debt and ratios at the same level, with no significant change to the investment risk profile as per the latest securities report.
For further insights into JP:3226 stock, check out TipRanks’ Stock Analysis page.