Star Asia Investment Corporation
Notice regarding Funds Borrowing
To fund the acquisition of planned assets, short-term borrowings of 3,900 million yen will be drawn from Sumitomo Mitsui Banking Corporation on 2026/09/16. Interest rate is variable (base rate + 0.200%, 1-month TIBOR), repayment in full on 2027/09/16, with no collateral or guarantees. Going forward, financial metric regulations are expected to include financial covenants.
Key Figures
- Borrowings: 3,900 million yen (new)
- Repayment date: 2027 September 16
- Rate: base rate (Japanese Yen 1-month TIBOR) + 0.200%
AI要約
Overview
Star Asia Real Estate Investment Corporation will newly raise 3,900 million yen of short-term borrowings to fund the acquisition of planned assets. Lender is Sumitomo Mitsui Banking Corporation, interest rate is a floating rate of base rate (Japanese Yen 1-month TIBOR) + 0.200%, repayment in full on September 16, 2027, with no collateral or guarantees.
Outlook and Risks
This borrowing has been incorporated into the July 2026 fiscal period earnings summary (REIT) and the operating status for January 2027 and July 2027. To maintain financial metrics, covenant terms are expected to be set, and repayment risk will be in line with risk information in the existing Securities Report.
Star Asia Investment Corporation
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