Nippon Building Fund Inc.
Notice Concerning Borrowing of Funds
Japan Real Estate Investment Corporation borrowed 10 billion yen from Development Bank of Japan Inc. at an annual interest rate of 1.369%, with borrowing scheduled on April 8, 2026, to refinance loans maturing in April 2026.
Key Figures
- Borrowing Amount: 10 billion yen (Borrowed from Development Bank of Japan Inc.)
- Interest Rate: 1.369% (JBA 3-month Japanese Yen TIBOR + 0.096%)
- Borrowing Execution Date: 2026-04-08
AI要約
Overview of Borrowing Details
Japan Real Estate Investment Corporation decided on April 6, 2026 to borrow 10 billion yen in long-term funds from Development Bank of Japan Inc. The interest rate is 1.369%, with execution scheduled for April 8, 2026. Repayment is to be made in a lump sum on April 7, 2034, and the loan is unsecured and without guarantee. The borrowing interest rate is a variable rate composed of the 3-month Japanese Yen TIBOR provided by the Japanese Bankers Association plus 0.096%.
Use of Funds and Post-Borrowing Situation
The procured funds will be applied to refinance long-term borrowing maturing in April 2026. Following the execution of the borrowing, total borrowings and other liabilities remain at 647,000 million yen, with the variable interest rate portion of long-term borrowings increasing by 10,000 million yen and the fixed interest rate portion decreasing by the same amount. There are no changes to investment risks.
