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Japan Retail Fund sets interest rate for ¥6.50B loan

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Japan Retail Fund sets interest rate for ¥6.50B loan

Japan Retail Fund Investment Corp. set the fixed interest rate for its new ¥6.50 billion loan at 0.46958%.

The anticipated borrowing date for the loan is Oct. 6, and the repayment date is July 31, 2024.

The lenders for the unsecured and unguaranteed loan are The Bank of Tokyo-Mitsubishi UFJ Ltd., Mitsubishi UFJ Trust and Banking Corp., and Sumitomo Mitsui Trust Bank Ltd.

The debt term is 6.8 years.

As of Oct. 4, US$1 was equivalent to ¥112.72.