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Hulic Reit to issue ¥15B of investment corporation bonds

Diversified real estate investment trust Hulic Reit Inc. plans to issue ¥15.0 billion of unsecured domestic investment corporation bonds.

The debt can be divided into multiple series and can be issued from July 1 to Dec. 31.

Any proceeds from the issuances will be used to purchase certain assets, to repay leasehold and security deposits, to pay for repairs and for working capital needs.

As of June 6, US$1 was equivalent to ¥110.07.