Advance Residence Investment Corporation
Notice of Conclusion of Interest Rate Swap Contract
The Investment Corporation has concluded an interest rate swap contract for long-term borrowings of 2,300 million yen, starting July 1, 2026, to hedge interest rate risk. The contract period is 3 years, with a fixed interest rate payment of 1.90650%, and a floating receipt based on Japan Yen TIBOR. Effectively, the interest rate is fixed at 2.05650%.
Key Figures
- Borrowing Amount 2,300 million yen
- Contract Period 3.0 years (2026/07/01–2029/06/29)
- Fixed Interest Rate 1.90650%
- Effective Fixed Interest Rate 2.05650%
AI要約
Section Heading
The Investment Corporation has decided to conclude an interest rate swap contract for long-term borrowings of 2,300 million yen effective July 1, 2026. The purpose of the contract is to hedge against interest rate fluctuation risks. The counterparty is Mizuho Bank. The contract period is 3.0 years, starting on July 1, 2026, and ending on June 29, 2029.
Section 2 Heading
Regarding the details of the interest rate swap, the fixed payment interest rate is 1.90650%, and the floating receipt is based on Japan Yen TIBOR as published by Zengin Bank Association. Effectively, the interest rate on the long-term borrowings will be fixed at 2.05650%. The initial interest payment date is scheduled for July 31, 2026, and subsequent payments will be made at the end of each month or on the principal repayment date.
Advance Residence Investment Corporation
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