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Nippon Accommodations Fund to borrow ¥9.0B

Nippon Accommodations Fund Inc. will borrow ¥9.0 billion worth of loans priced at 0.06000% to repay short-term borrowings of the same amount, which concluded April 28 and May 8.

The 77 Bank Ltd., Mizuho Bank Ltd. and Resona Bank Ltd. will provide ¥2.0 billion each, while Shinkin Central Bank will fund the remaining ¥3.0 billion.

The loans, being secured May 31, have a maturity date of June 30.

As of May 26, US$1 was equivalent to ¥111.23.