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Japan Real Estate lands ¥12B loan

Japan Real Estate Investment Corp. secured a ¥12.00 billion loan to repay long-term borrowings of the same amount from June 1, 2011.

The debt is priced at a base interest rate of the one-month London Interbank Offered Rate by ICE Benchmark Administration, plus 0.09%, with repayment slated for June 1, 2023.

Mitsubishi UFJ Trust and Banking Corp. is the lender.

As of May 29, US$1 was equivalent to ¥111.29.