GLP J-REIT Locks in Fixed Rates for 2.18 Billion Yen in New Borrowings

MT Newswires Live

06/26

GLP J-REIT (TYO:3281) has finalized the interest rates for borrowings previously disclosed on May 27, securing fixed-rate term 2.18 billion yen loans from Daishi Hokuetsu Bank and The Bank of Iwate, according to a Tokyo bourse filing on Friday.

The 1 billion yen loan from Daishi Hokuetsu carries a 2.213% rate with a five-year term maturing in June 2031, while the 1.18 billion yen facility from Bank of Iwate is priced at 2.294% and matures in June 2032.

Both loans are unsecured and non-guaranteed, with drawdown scheduled for June 30 and lump-sum repayment at maturity. The proceeds will support the REIT's financing activities.

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