Nippon Accommodations Fund (TYO:3226) plans to borrow 3 billion yen from Sumitomo Mitsui Banking at a fixed interest rate of 1.069%, according to a Monday filing on Tokyo Stock Exchange.
The unsecured, unguaranteed loan is scheduled to mature on May 28, 2029.
The loan will be used to refinance existing debt maturing on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.