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Japan Real Estate to borrow ¥11.30B

Japan Real Estate Investment Corp. will draw down loans worth ¥11.30 billion on Dec. 26 to repay an equal existing short-term loan secured Dec. 26, 2016.

Mitsubishi UFJ Trust and Banking Corp. and The Bank of Tokyo-Mitsubishi UFJ Ltd. will each lend ¥5.00 billion to the company, while Sumitomo Mitsui Trust Bank Ltd. will provide ¥1.30 billion.

The loans will mature Dec. 26, 2018.

As of Dec. 20, US$1 was equivalent to ¥113.32.