Heiwa Real Estate REIT, Inc.
Notice Regarding Conclusion of Interest Rate Swap Agreement
Entered into an interest rate swap agreement for Term Loan 67 (1,090 million yen) with a fixed payment interest rate of 2.44580% from April 30, 2026, to May 31, 2032, effectively fixing the actual interest rate at 2.90580%.
Key Figures
- Subject Loan Agreement: Term Loan 67
- Notional Principal: 1,090 million yen
- Fixed Payment Interest Rate: 2.44580%
AI要約
Overview of Interest Rate Swap Agreement Conclusion
Heiwa Real Estate REIT, Inc. entered into an interest rate swap agreement on February 22, 2023, for Term Loan 67 (loan amount of 1,090 million yen) to hedge against future interest rate fluctuation risks. The agreement entails a fixed payment interest rate of 2.44580% and a variable receipt interest rate linked to the Japanese Yen 3-Month TIBOR by the Zengin Association, with a contract period from April 30, 2026, to May 31, 2032. This effectively fixes the actual interest rate of Term Loan 67 at 2.90580%.
Outlook and Risks
There has been no change to the risks associated with this interest rate swap agreement compared to those described under “Investment Risks” in the 48th Securities Report (Fiscal Year Ending November 2025) submitted on February 25, 2026. While contributing to the financial stability of the investment corporation, the swap is expected to provide hedge benefits against interest rate fluctuation risks.
Heiwa Real Estate REIT, Inc.
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