Japan Real Estate Investment Corporation
Notice Regarding Borrowing of Funds
Japan Real Estate Investment Corporation borrowed 7,500 million yen in an unsecured and unguaranteed Sustainability-Linked Loan from Mizuho Bank on March 27, 2026, to be used for repayment of existing borrowings.
Key Figures
- Borrowing Amount: 7,500 million yen (executed on March 27, 2026)
- Borrowing Interest Rate: Base rate (Zengin 3-month Japanese Yen TIBOR) + 0.16% (up to 0.01% reduction possible upon achieving SPT)
- Total Interest-Bearing Debt: 503,193 million yen (increased by 2,000 million yen from 501,193 million yen before borrowing)
AI要約
Overview of the Borrowing
Japan Real Estate Investment Corporation borrowed 7,500 million yen unsecured and unguaranteed from Mizuho Bank on March 27, 2026. This borrowing aims to supplement the reduction in cash due to the maturity repayment of short-term borrowings executed on March 3, 2025, and to finance the repayment of existing long-term borrowings of 5.5 billion yen. The borrowing interest rate is the Zengin 3-month Japanese Yen TIBOR plus 0.16%. As a Sustainability-Linked Loan (SLL), the interest rate can be reduced by up to 0.01% upon achievement of Sustainability Performance Targets (SPT) aiming to reduce CO₂ emissions by 80%.
Financial Conditions and Risks After Borrowing
As a result of this borrowing, long-term borrowings (variable interest rate) increased from 60,000 million yen to 67,500 million yen, and total borrowings increased from 488,200 million yen to 490,200 million yen, an increase of 2,000 million yen. Total interest-bearing debt increased from 501,193 million yen to 503,193 million yen. Regarding the risks related to debt repayment, there has been no significant change from the investment risks described in the securities registration statement submitted on March 19, 2026.
