Nomura Real Estate Master Fund (TYO:3462) plans issuance of investment corporation bonds totaling 6.50 billion yen and early repayment of existing borrowings, according to its filing on Feb. 14.
The public offering comprises two series of bonds with interest rates of 1.345% and 1.551%, with payment due on Feb. 20, 2025.
Proceeds from Bonds I will fund the acquisition of a green project, Universal CityWalk Osaka, and repay 3 billion yen of outstanding debt.
Bonds II proceeds will be used for early repayment of a 3.50 billion yen loan.
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