Nomura Real Estate Master Fund (TYO:3462) said it will refinance existing borrowings totaling 11.6 billion yen through a series of term loans, including green loans and sustainability-linked loans, according to a Wednesday filing on the Tokyo Stock Exchange.

The financing will repay loans maturing on Feb. 26, 2026, with new borrowings scheduled to be executed on Feb. 24. The loans have maturities ranging from three to seven and a half years and are unsecured and unguaranteed, the fund said.

Lenders include trust banks, regional banks and major financial institutions, with portions structured as green loans tied to eligible properties and sustainability-linked loans linked to greenhouse gas reduction targets.

After the refinancing, total interest-bearing debt will remain unchanged at 522.22 billion yen.