Nippon REIT Investment (TYO:3296) has finalized an interest rate swap agreement for 1.3 billion yen in borrowings to mitigate interest rate fluctuation risks, according to its Thursday bourse filing.
The five-year, four-month agreement with SBI Shinsei Bank fixes Nippon REIT's payable rate at 1.096%.
Meanwhile, it will receive floating rates tied to Japanese Yen TIBOR, matching Loan No. 097's terms from April 21, 2025, to August 20, 2030.
Price (JPY): $83600.00, Change: $-400, Percent Change: -0.48%
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