Activia Properties Inc. set the fixed interest rates for two loans with a combined amount of ¥12 billion, which it secured May 28.
The ¥5 billion loan will carry an interest rate of 0.44835% and will be due June 15, 2022. The ¥7 billion loan will bear a 0.73360% interest rate, with a maturity date set for June 13, 2027.
Sumitomo Mitsui Trust Bank Ltd., Mizuho Bank Ltd., MUFG Bank Ltd., Sumitomo Mitsui Banking Corp. and Development Bank of Japan Inc. are the providers of the loans, which will be drawn down June 13.
As of June 11, US$1 was equivalent to ¥109.90.
