Japan Logistics Fund, Inc.
Notice Regarding Determination of Interest Rates on Borrowed Funds
Japan Logistics Fund, Inc. borrowed 1,000 million yen each from Norinchukin Bank and SBI Shinsei Bank on March 23, 2026, with interest rates determined at 2.60776% and 2.59120%, respectively.
Key Figures
- Borrowed Amount (Norinchukin Bank): 1,000 million yen
- Borrowing Interest Rate (Norinchukin Bank): 2.60776%
- Borrowed Amount (SBI Shinsei Bank): 1,000 million yen
AI要約
Overview of Borrowed Funds
Regarding the borrowing announced by Japan Logistics Fund, Inc. on March 17, 2026, the borrowed amounts and interest rates from the two lenders have been determined. 1,000 million yen will be borrowed from Norinchukin Bank at an annual interest rate of 2.60776% for 6.9 years, and 1,000 million yen will be borrowed from SBI Shinsei Bank at an annual interest rate of 2.59120% for 9.9 years. The borrowing date is March 23, 2026, with repayment deadlines on February 28, 2033, and February 29, 2036, respectively.
Impact on Investors
This borrowing secures a total of 2,000 million yen in funds, enabling stable financing through a long-term borrowing period. The interest rate level is in the 2.5% range, which is considered appropriate as a cost of funds. This will contribute to securing stable operational funds going forward and is expected to stabilize the fund's cash flow.
