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Japan Real Estate Investment applies for ¥100B shelf

Japan Real Estate Investment Corp. is seeking to register a bond shelf of ¥100 billion with the Kanto Local Finance Bureau.

In a filing, the company said the shelf is for planned investment corporate bond issuances from Aug. 15, 2017, to Aug. 14, 2019.

Proceeds will be reserved for asset acquisitions, property maintenance and management, loan repayment, bond redemption and for general corporate expenditure.

As of Aug. 4, US$1 was equivalent to ¥110.87.