Ichigo Office REIT Fixes Interest Rates on 1.48 Billion Yen in Loans

MT Newswires Live14:31

Ichigo Office REIT Investment (TYO:8975) executed interest rate swaps to lock in the interest rates on two floating-rate loans totaling 1.48 billion yen, according to a Friday filing with the Tokyo Stock Exchange.

The transactions comprise a 1 billion yen swap agreement with Mizuho Bank running from Oct. 26, 2026, to April 25, 2032, fixing the payable interest rate at 3.474% against a receivable floating rate of three-month JPY TIBOR plus 0.54%.

Additionally, the trust secured a 483 million yen swap with Aozora Bank covering the period from Oct. 14, 2026, to April 25, 2032, locking in a fixed payable rate of 3.441% against three-month JPY TIBOR plus 0.53%.

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