Nomura Real Estate Master Fund will procure ¥12.20 billion in loans to repay current outstanding loans of the same value that are set to mature May 28.
The four loans, which will bear fixed interest rates that are yet to be determined, will be drawn down May 28.
The diversified real estate investment trust will borrow ¥3.60 billion from Mizuho Trust & Banking Co. Ltd. and The Norinchukin Bank, with a maturity date of May 26, 2026; ¥1.80 billion each from Sumitomo Mitsui Trust Bank Ltd. and Mizuho Bank Ltd., maturing May 26, 2027, and Nov. 26, 2027, respectively; and ¥5.00 billion from MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp., maturing May 26, 2028.
As of May 14, US$1 was equivalent to ¥109.61.
