Japan Retail Fund Investment Corp. said it will refinance its ¥2.5 billion, five-year loan due Dec. 29 with a new 10-year loan in the same amount on Dec. 29.
The prior loan bore interest at a fixed rate of 0.53000%. The interest rate on the new loan will be announced on or prior to the borrowing date.
Shinkin Central Bank is the lender on both loans.
As of Dec. 21, US$1 was equivalent to ¥113.42.