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Nippon Building ( (JP:8951) ) has provided an announcement.
Nippon Building Fund Inc. has arranged a total of ¥13 billion in new long-term borrowings, comprising a ¥10 billion unsecured, unguaranteed loan from Sumitomo Mitsui Trust Bank at a fixed interest rate of 1.952% maturing in 2033 and a ¥3 billion unsecured, unguaranteed floating-rate loan from Shinkin Central Bank, based on three‑month TIBOR plus a spread, maturing in 2034. The proceeds will be used entirely to refinance existing long-term debt maturing in December 2025, resulting in no change to the REIT’s overall interest-bearing debt balance of ¥628 billion but a shift of ¥3 billion from fixed- to floating-rate borrowings, a move that fine-tunes its liability structure and extends debt maturities without altering its disclosed investment risk profile.
The most recent analyst rating on (JP:8951) stock is a Buy with a Yen153828.00 price target. To see the full list of analyst forecasts on Nippon Building stock, see the JP:8951 Stock Forecast page.
More about Nippon Building
Nippon Building Fund Inc. is a Japanese real estate investment trust (REIT) listed on the Tokyo Stock Exchange that focuses on owning and managing office and commercial buildings. Its asset management is conducted by Nippon Building Fund Management Ltd., positioning the group as a major institutional player in Japan’s real estate capital markets, with a financing structure that combines long-term bank borrowings and bond issuance to support stable portfolio operations.
Average Trading Volume: 17,907
Technical Sentiment Signal: Buy
Current Market Cap: Yen1237.8B
For a thorough assessment of 8951 stock, go to TipRanks’ Stock Analysis page.