Nippon Building Fund Inc.
Notice Regarding Borrowing of Funds
Nippon Building Fund Inc. decided on March 26, 2026, to borrow a total of 27 billion yen in short-term and long-term loans, which will be partially allocated for property acquisition funds.
Key Figures
- Short-term Borrowings: 6 billion yen (scheduled execution on 2026-03-30)
- Long-term Borrowings: 21 billion yen (scheduled execution on 2026-03-30)
- Total Borrowings: 647 billion yen (before borrowing 620 billion yen, increase of 27,000 million yen)
AI要約
Overview of Borrowing Details
Nippon Building Fund Inc. decided on March 26, 2026, to borrow a total of 27 billion yen, consisting of 6 billion yen in short-term borrowings and 21 billion yen in long-term borrowings. The short-term borrowings are scheduled to be executed unsecured and unguaranteed from Sumitomo Mitsui Trust Bank and Resona Bank, Ltd., with a repayment date of April 30, 2026. The long-term borrowings will be executed unsecured and unguaranteed from multiple financial institutions, with interest rates set between 1.135% and 2.417%. Furthermore, part of the borrowings is executed as green loans and a second-party opinion has been obtained from Sustainalytics.
Use of Funds and Impact on Financial Condition
The procured funds of 27 billion yen will be partially applied to the property acquisition funds announced on January 7, 2026, with planned disbursement in March 2026. Due to these borrowings, short-term borrowings will increase from 0 to 6 billion yen, and long-term borrowings will increase by a total of 21 billion yen. Total borrowings will rise from 620 billion yen to 647 billion yen; although there is no significant change to the financial base, there is a risk of increased interest expense due to higher borrowings. There are no changes to the repayment risk disclosures as described in the investment risks section of the securities report submitted on September 29, 2025.
