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MCUBS MidCity determines interest rates for ¥6.1B of loans

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MCUBS MidCity determines interest rates for ¥6.1B of loans

MCUBS MidCity Investment Corp. has determined the applicable interest rates for four fixed-rate loans worth ¥6.10 billion, which it secured as part of a ¥15.30 billion loan package.

The loans worth ¥1.50 billion from Aozora Bank Ltd. and Mizuho Trust & Banking Co. Ltd.; ¥2.00 billion from MUFG Bank Ltd.; ¥800 million from Resona Bank Ltd.; and ¥1.80 billion from The Senshu Ikeda Bank Ltd., The Nishi-Nippon City Bank Ltd. and The Hyakugo Bank Ltd. carry interest rates of 1.01880%, 0.77000%, 0.83380% and 0.74250%, respectively.

In addition, the Japanese real estate investment trust concluded interest-rate swap agreements with Mizuho Bank Ltd. and Sumitomo Mitsui Trust Bank Ltd., which respectively provided loans of ¥3.40 billion and ¥2.90 billion.

The four loans and the two new loans connected with the interest-rate swap agreements will be drawn down July 31.

As of July 27, US$1 was equivalent to ¥111.02.