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Nomura Real Estate extends term of ¥10B commitment line

Nomura Real Estate Master Fund extended the termination date of its ¥10 billion commitment line to March 30, 2021, from the previously agreed date of March 30, 2020.

The commitment commenced March 31, 2016, with The Bank of Tokyo-Mitsubishi UFJ Ltd. and the Sumitomo Mitsui Banking Corp. serving as the lenders.

Proceeds from the unsecured and unguaranteed loan will be funneled toward the acquisition of real estate, trust beneficial rights and related expenses, as well as for the repayment of debt and investment corporation bonds, among other purposes.

As of Feb. 20, US$1 was equivalent to ¥107.30.