Nippon Accommodations Fund Inc. will borrow ¥8.0 billion from various banks on Nov. 30 to repay short-term loans of the same amount concluded Oct. 31.
The company will borrow ¥2.0 billion each from The 77 Bank Ltd. and Mizuho Bank Ltd. with interest rates of 0.07364% and 0.06864%, respectively. Shinkin Central Bank and Sumitomo Mitsui Trust Bank Ltd. will each provide ¥1.0 billion, and Mizuho Bank Ltd. will further lend two separate ¥1.0 billion loans. The respective interest rates for the loans are 0.07364%, 0.06864%, 0.18561% and 0.21561%.
The ¥2.0 billion loans from The 77 Bank Ltd. and Mizuho Bank Ltd., and the two ¥1.0 billion loans from Shinkin Central Bank and Sumitomo Mitsui Trust Bank Ltd. will mature Dec. 29. The 0.18561% ¥1.0 billion loan from Mizuho Bank Ltd. is set to mature May 31, 2022, while the 0.21561% ¥1.0 billion loan from the same bank will mature May 31, 2023.
The company recently borrowed ¥8.0 billion to repay a long-term loan secured Oct. 31, 2011 and short-term loans closed Sept. 29 and Oct. 18.
As of Nov. 27, US$1 was equivalent to ¥111.09.
