Sankei Real Estate Fixes Rate for Loan Refinancing
Sankei Real Estate (TYO: 2972) has set the interest rate for its previously announced refinancing loan at a fixed rate of 1.26125%, according to its filing on Tuesday.
The loan amount is 4.3 billion yen, arranged by a syndicate including Mizuho Bank and Sumitomo Mitsui Banking, with a scheduled borrowing date of Sept. 12.
The loan will mature on Sept. 12, 2029, with lump-sum repayment and quarterly interest payments starting Dec. 12, 2024.
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