Japan Hotel REIT Investment Corporation
Notice Concerning Execution of Interest Rate Swap Agreements
Entered into three interest rate swap agreements to convert interest-bearing debt to fixed rates. Total notional principal is approx. 9,850 million yen, fixed rates range from 2.83175% to 2.84575% (one at 2.43000%), terms extend to 2032, and the fixed-rate ratio of interest-bearing debt is expected to be approximately 79%.
Key Figures
- Total assumed notional principal: approx. 4,250 million yen + 700 million yen + 4,900 million yen = 9,850 million yen
- Aggregate fixed pay rates: 2.83175% + 2.84575% + 2.43000%
- Contract period: 2026/9/30～2032/9/30 (first settlement 2026/10/30)
- Fixed-rate ratio: Expected to be approx. 79% of total interest-bearing debt
AI要約
Key Points
The Investment Corporation has entered into three interest rate swap agreements in connection with borrowing-related financing. The total assumed notional principal is approximately 9,850 million yen, fixed rates range from 2.43% to 2.84%, the floating receive rate is the Zengin Net 1-month Japanese Yen TIBOR, and the maximum contract term extends to September 2032. As a result, the fixed-rate portion of total interest-bearing debt is expected to be approximately 79%.
Future Impact and Risks
While progressing with fixed-rate conversions is expected to provide hedging against interest rate volatility, the detailed risks remain unchanged from the "Investment Risks" described in the securities report published on March 24, 2026 and the semi-annual report filed on September 17, 2026.
Japan Hotel REIT Investment Corporation
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