Industrial & Infrastructure Fund Investment (TYO:3249) said it has set interest rates for previously disclosed refinancing loans totaling 1.25 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
The REIT will borrow 1 billion yen from Development Bank of Japan for three years at a fixed rate of 1.667%, and 250 million yen from Sumitomo Mitsui Trust Bank for four years at a fixed rate of 2.123%.
The unsecured, unguaranteed loans are scheduled to be drawn on March 13, 2026, with principal to be repaid in a lump sum at maturity.