Japan Prime Realty Investment to Raise 4 Billion Yen in Green Loans to Refinance Debt

MT Newswires Live07-17

Japan Prime Realty Investment (TYO:8955) said it has agreed to raise 4 billion yen in green loans to refinance debt, diversify funding sources, and support sustainability initiatives, according to a Friday release.

The Japan-based real estate investor said it will draw an unsecured, non-guaranteed loan worth 2 billion yen from The Chiba Bank, 1 billion yen from The Yamaguchi Bank, and 1 billion yen from The Bank of Iwate on July 22.

The loan from Chiba Bank carries a floating interest rate of one-month JBA Japanese yen TIBOR plus 0.17%, alongside two fixed-rate loans, with repayments due between July 20, 2029, and July 20, 2035.

The proceeds will be used to redeem 4 billion yen of investment corporation bonds, maturing July 22.

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