Nippon Prologis REIT, Inc. (JP:3283) has released an update.
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Nippon Prologis REIT, Inc. has secured a long-term loan of 5 billion yen with a base interest rate plus 0.140%, set to mature on September 29, 2028. The company also entered into an interest rate swap agreement to fix the floating interest rate to a fixed rate of 0.632%, effectively fixing the interest rate at 0.7720%. The financial maneuver is aimed at refinancing existing long-term debt and hedging against interest rate fluctuations.
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