Nippon Accommodations Fund Inc. (JP:3226) has released an update.
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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.
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