Japanese real estate investment trust Nippon Accommodations Fund Inc. secured four loans totaling ¥7.0 billion to repay short-term borrowings of the same value.
Mizuho Bank Ltd. and Sumitomo Mitsui Trust Bank Ltd. will lend ¥3.0 billion and ¥1.0 billion, respectively, at interest rates of 0.07864%.
The 77 Bank Ltd. and Shinkin Central Bank will extend ¥2.0 billion and ¥1.0 billion, respectively, at rates of 0.08364%.
The unsecured and unguaranteed loans, secured May 31, will mature June 29.
As of May 28, US$1 was equivalent to ¥109.36.
