Sekisui House Reit Secures 15.8 Billion Yen in New Borrowings
MT Newswires Live
Yesterday
Sekisui House Reit (TYO:3309) said it will borrow 15.8 billion yen to refinance existing debt due Feb. 27, according to a Tuesday filing on the Tokyo Stock Exchange.
The funding includes 5.11 billion yen in fixed-rate green and other long-term loans from lenders including Development Bank of Japan, MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking, with maturities in 2029 and 2033.
It will also secure 10.7 billion yen in floating-rate long-term loans tied to one-month yen TIBOR plus margins of 0.19% or 0.24% from a syndicate of banks.
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.