NIPPON REIT Investment Corp (JP:3296) has released an update.
NIPPON REIT Investment Corporation has entered into interest rate swap agreements to mitigate interest rate fluctuation risks on their recent borrowings. The fixed interest rates for the respective loans through these swaps are set at 1.0240% and 1.1040%. This strategic financial move is expected to have a minimal impact on the company’s forecast for the fiscal periods ending December 2024 and June 2025.
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