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Nippon Building Fund to borrow ¥6B

Nippon Building Fund Inc. will borrow a total of ¥6 billion in unsecured and unguaranteed loans to refinance long-term debts.

Shinkin Central Bank will provide ¥3 billion at a fixed interest rate of 0.3563%, while The Bank of Fukuoka Ltd. will lend ¥2 billion at a fixed rate of 0.2388%. In addition, Resona Bank Ltd. will provide ¥1 billion at a floating interest rate of 0.11%.

The expected date of implementation for the loans is June 1. Repayment is scheduled June 1, 2027, for the loans from Shinkin Central Bank and Resona Bank, and May 31, 2024, for the The Bank of Fukuoka loan.

As of May 29, US$1 was equivalent to ¥111.29.