Daiwa Securities Living Investment Secures 8.2 Billion Yen to Redeem Bonds, Repay Debts

MT Newswires Live05-21

Daiwa Securities Living Investment (TYO:8986) has secured over 8.2 billion in borrowings to redeem maturing bonds and repay existing debts, according to a Tokyo bourse filing on Thursday.

The new loan will be used to redeem 2.5 billion 4th Unsecured Investment Corporation Bond maturing on June 15 and to refinance existing borrowings of over 5.7 billion due on June 22.

The refinancing comprises multiple term loans drawn from financial institutions including MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Aozora Bank, Resona Bank, Development Bank of Japan and The Bank of Fukuoka.

The loans carry maturity dates extending from June 2029 to May 2033.

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.

Comments

We need your insight to fill this gap
Leave a comment