Mitsui Fudosan Accommodations Fund Inc.
Notice Regarding Borrowing of Funds
Executed a new long-term unsecured borrowing of 1,000 million yen from Rakuten Bank at a rate of TIBOR + 0.225%. Repayments due in 2035 and 2036. Total interest-bearing debt increases slightly to 176,700 million yen and the interest-bearing debt ratio rises to 54.9%. The primary purpose is funding for acquisition of new properties.
Key Figures
- Borrowing Amount: 1,000 million yen
- Repayment Date: September 28, 2035
- Total Interest-Bearing Debt: 176,700 million yen
AI要約
Overview
Mitsui Fudosan Accommodations Fund Inc. has executed a borrowing from Rakuten Bank in the amount of 1,000 million yen on an unsecured and non-guaranteed long-term basis. The execution date was October 1, 2026, and the repayment date is September 28, 2035. Interest is set at the reference rate (Zengin TIBOR) plus 0.225%. As a result, total interest-bearing debt amounts to 176,700 million yen, and the interest-bearing debt ratio increased by 0.3 percentage points to 54.9%. The borrowed funds are intended primarily for payment for acquisition of new properties and related expenses.
Impact on Investors and Outlook
The new borrowing is being appropriately used as a funding method for asset expansion and does not cause a major short-term change to financial soundness. However, the trends in total interest-bearing debt and the debt ratio are indicators to watch, and depending on future property acquisitions and interest rate movements, financial costs could be affected.
Mitsui Fudosan Accommodations Fund Inc.
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