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Nomura Real Estate secures ¥40B commitment line

Nomura Real Estate Master Fund signed a one-year, ¥40.00 billion commitment line agreement, commencing June 15.

The Japanese real estate investment trust plans to use the funds to acquire assets and trust beneficial rights, as well as to repay debt and investment corporation bonds, among other purposes.

MUFG Bank Ltd., Sumitomo Mitsui Banking Corp., Mizuho Bank Ltd. and Sumitomo Mitsui Trust Bank Ltd. are the lenders, according to a release.

As of May 28, US$1 was equivalent to ¥109.36.