Japan Metropolitan Fund Investment Secures 5.35 Billion Yen Term Loan to Refinance Existing Debt

MT Newswires Live
5 hours ago

Japan Metropolitan Fund Investment (TYO:8953) said that it will refinance an existing 5.35 billion yen debt, maturing July 31, through a new syndicated loan, according to a Monday release.

The refinancing includes a seven-year term loan worth 2.9 billion yen from Sumitomo Mitsui Trust Bank and 800 million yen from Resona Bank, maturing July 29, 2033, and a 750 million yen eight-year term loan from The Hyakugo Bank, maturing July 31, 2034.

The borrowings also include a 10-year term loan worth 500 million yen from The Nanto Bank and a 400 million yen loan from The Senshu Ikeda Bank, maturing July 31, 2036.

The 2.9 billion yen and 800 million yen loans carry a floating interest rate of the one-month Japanese yen TIBOR plus 0.175%, while 750 million yen, 500 million yen, and 400 million yen loans carry floating interest rates of the one-month Japanese yen TIBOR plus 0.200% and 0.250%, respectively.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10