Japan Hotel REIT Investment (TYO:8985) entered an interest rate swap agreement with MUFG Bank for a 10 billion yen loan previously disclosed, according to a Wednesday filing on the Tokyo Stock Exchange.
Under the swap, the REIT will pay a fixed rate of 2.0325% and receive the one-month Japanese yen TIBOR, effectively fixing the loan's interest rate at 2.3825% from March 2026 to March 2030.