Mitsui Fudosan Accommodations Fund Inc.
Notice Regarding Fund Borrowing
Mitsui Fudosan Accommodation Fund Inc. announced that it has secured a total borrowing of 2 billion yen from Ashikaga Bank, Ltd. and Nishi-Nippon City Bank, Ltd. to allocate toward repayment of existing borrowings.
Key Figures
- Total borrowing amount: 2 billion yen (new borrowing)
- Borrowing interest rates: Ashikaga Bank benchmark rate + 0.21%, Nishi-Nippon City Bank 1.902%
- Total interest-bearing debt (post-borrowing): 169.7 billion yen
AI要約
Overview
Mitsui Fudosan Accommodation Fund Inc. decided to borrow funds on December 26, 2025. It will borrow 1 billion yen each from Ashikaga Bank, Ltd. and Nishi-Nippon City Bank, Ltd., and allocate the funds toward repayment of existing borrowings. The repayment due date is December 20, 2032 for the Ashikaga Bank loan, among others.
Key Points
The borrowing interest rate is benchmark rate (Zengin 3-month Japanese Yen TIBOR) + 0.21% for Ashikaga Bank and 1.902% for Nishi-Nippon City Bank. The borrowing method is unsecured and unguaranteed with lump-sum repayment at maturity. Total interest-bearing debt after borrowing is 169.7 billion yen, with a slight decline in the interest-bearing debt ratio to 53.8%.
Future Outlook
Funds procured by borrowing will be allocated to repayment of existing borrowings, and there is no change to the investment risks described in the securities report submitted on November 28, 2025, regarding repayment risk. The company intends to continue stable fund management going forward.
