Japan Prime Realty Investment Corp. agreed to six loan agreements worth a combined ¥19 billion to partially repay its long-term loan of ¥19.40 billion due March 30.

Mizuho Bank Ltd. will lend ¥4 billion at a fixed rate of 0.40% and ¥3 billion at a fixed rate of 0.351%, with repayment scheduled for March 30, 2022, and March 30, 2021, respectively.

Sumitomo Mitsui Banking Corp. will lend ¥4 billion at a fixed rate of 0.40% and ¥2 billion at a 0.351% fixed rate, with repayment also scheduled for March 30, 2022, and March 30, 2021, respectively.

Meanwhile, Mizuho Trust & Banking Co. Ltd. and Resona Bank Ltd. will lend ¥4 billion at a 0.309% fixed rate and ¥2 billion at a 0.438% fixed rate. Repayment for these loans is slated for March 30, 2020, and Sept. 30, 2022, respectively.

The unsecured, non-guaranteed loans will be drawn down March 30, according to a company release.

As of March 27, US$1 was equivalent to ¥110.42.