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Japan Rental Housing files ¥100B shelf

Japan Rental Housing Investments Inc. lodged a shelf registration statement to issue ¥100 billion in investment corporation bonds between a two-year period starting March 27 and ending March 26, 2020.

The owner of multifamily residential assets aims to use bond proceeds to buy specified properties, refund funds for lease and guarantee deposits, repay debt, and for working capital, among others, according to a release.

As of March 16, US$1 was equivalent to ¥106.11.