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Japan Excellent files ¥100B shelf for bond issuance

Japan Excellent Inc. plans to issue ¥100.00 billion worth of investment corporation bonds between Feb. 9, 2018, and Feb. 8, 2020.

The office real estate investment trust filed a shelf registration statement with the commissioner of the Kanto Local Finance Bureau for the issuance.

The funds will be used to acquire, maintain and operate certain assets; repay borrowings; and redeem investment corporate bonds, among other things.

As of Jan. 31, US$1 was equivalent to ¥109.27.