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Japan Real Estate secures new loan worth ¥5B

Japan Real Estate Investment Corp. secured a new loan of ¥5.00 billion to repay an existing long-term loan of the same amount that was obtained April 4, 2011.

The loan carries a basic interest rate of three-month LIBOR by ICE Benchmark Administration, plus 0.07% and a principal repayment date of April 5, 2021.

Mitsubishi UFJ Trust and Banking Corp. is the lender of the new loan.

As of March 31, US$1 was equivalent to ¥111.40.