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Daiwa House REIT reveals interest rates of two loans worth ¥21B

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Daiwa House REIT reveals interest rates of two loans worth ¥21B

Daiwa House REIT Investment Corp. announced the interest rates of two long-term unsecured and nonguaranteed loans totaling ¥21.00 billion.

The ¥10.00 billion loan, which has a repayment date of Sept. 29, 2023, carries an interest rate of 0.56813%. The loan was extended by Mizuho Bank Ltd., Sumitomo Mitsui Trust Bank Ltd., The Bank of Tokyo Mitsubishi UFJ Ltd. and Mizuho Trust & Banking Co. Ltd.

The ¥11.00 billion loan has an interest rate of 0.70332%, with a repayment date set for March 31, 2025. Sumitomo Mitsui Banking Corp., Aozora Bank Ltd., Shinkin Central Bank, Mitsubishi UFJ Trust and Banking Corp. and Resona Bank Ltd. were the lenders.

As of March 28, US$1 was equivalent to ¥110.27.