GLP J-REIT Fixes Interest Rate and Swap Deals for 7.61 Billion Yen New Loans

MT Newswires Live

09/01

GLP J-REIT (TYO:3281) has finalized the interest rate and executed interest rate swap agreements for its borrowings totalling 7.61 billion yen.

The Reit secured a 1.35 billion term loan from MUFG Bank at a fixed interest rate of 1.855%, according to its Tokyo bourse filing on Monday.

The company also entered into a swap deal with Sumitomo Mitsui Trust Bank to fix the rate on a 4.64 billion yen loan at 1.671%, and another one with Mizuho Bank to fix the rate on a 1.62 billion yen loan at 1.552%.

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