Nippon Prologis REIT (TYO:3283) has secured 4 billion yen in debt financing and has entered into interest rate swap agreements to mitigate interest rate risks, according to its Monday filing with the Tokyo Bourse.
The financing involves two long-term borrowings of 2 billion yen each from The Gunma Bank, and The Fukui Bank, both unsecured and due on September 12, 2030, and March 11, 2033, respectively.
The proceeds, available on March 12, will refinance existing short-term debt.
The interest rate swap agreements with Sumitomo Mitsui Trust Bank and Mizuho Securities fix the interest rates at 1.3796% and 1.5855% for the respective borrowings, effective from March 12.
Price (JPY): $229900.00, Change: $-200, Percent Change: -0.09%
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