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Japan Prime renews ¥24B commitment line

Japan Prime Realty Investment Corp. renewed its ¥24 billion commitment line of credit that is due to expire Nov. 30.

Under the renewal agreement, Aozora Bank Ltd. will provide a loan of up to ¥4.00 billion, with a maturity date of May 31, 2019. Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp. and Mitsubishi UFJ Trust and Banking Corp. will each lend up to ¥4.00 billion, with a Nov. 30, 2018, maturity date.

A further two loans, also worth up to ¥4.00 billion each and due May 31, 2018, will be provided by Mizuho Trust & Banking Co. Ltd. and Resona Bank Ltd.

As of Nov. 21, US$1 was equivalent to ¥112.45.