Japanese real estate investment trust Nomura Real Estate Master Fund set interest rates for the ¥12.70 billion of loans it recently secured to repay borrowings due May 28.
As for the ¥3.60 billion loan from Mizuho Trust & Banking Co. Ltd. and The Norinchukin Bank, and the ¥5.00 billion loan from MUFG Bank Ltd. and Sumitomo Mitsui Banking Corp., the rates were fixed at 0.60880% and 0.79880%, respectively. The loans will mature May 26, 2026, and May 26, 2028, respectively.
The rates for the two ¥1.80 billion loans from Sumitomo Mitsui Trust Bank Ltd. and Mizuho Bank Ltd., were set at 0.70250% and 0.75050%, respectively, with respective maturity dates of May 26, 2027, and Nov. 26, 2027.
The company will also borrow ¥500 million from The Bank of Kyoto Ltd. at a fixed interest rate of 0.56311%, with a maturity date of Nov. 26, 2025.
As of May 24, US$1 was equivalent to ¥109.21.
