trending Market Intelligence /marketintelligence/en/news-insights/trending/1c2XnmI3uBmHvoI8vx-UPw2 content esgSubNav
In This List

Nippon Accommodations Fund to borrow ¥6.0B to repay short-term loans

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition


Nippon Accommodations Fund to borrow ¥6.0B to repay short-term loans

Nippon Accommodations Fund Inc. will borrow a total of ¥6.0 billion to repay the same amount of short-term loans closed at the end of February.

The unsecured and unguaranteed funds consist of three ¥2.0 billion loans each from The 77 Bank Ltd., Shinkin Central Bank and Mizuho Bank Ltd., with uniform interest rate and maturity date of 0.06000% and April 28, respectively.

The company's total interest-bearing debt following the closing of the transaction remains at ¥147.0 billion and interest-bearing debt ratio is unchanged at 52.0%.

As of March 28, US$1 was equivalent to ¥110.27.