Nippon Building Fund Inc. will draw down ¥10.00 billion of long-term borrowings June 1.
Sumitomo Mitsui Trust Bank Ltd. will extend a ¥6 billion loan at a fixed interest rate of 0.22300% and a ¥4 billion loan at a floating interest rate of 0.10164%.
Proceeds from the loans will be used to refinance existing long-term borrowings.
The unsecured and unguaranteed loans will mature May 31, 2024.
As of May 29, US$1 was equivalent to ¥108.74.
