Nomura Real Estate Master Fund Inc. is borrowing nearly ¥6.38 billion to refinance an existing loan of the same amount, maturing Dec. 26.

MUFG Bank Ltd., Sumitomo Mitsui Banking Corp., Mizuho Bank Ltd. and Sumitomo Mitsui Trust Bank Ltd. are the lenders of the three-year term loan, with interest rate set at one-month Japanese yen Tokyo interbank offered rate plus 0.17%.

The draw down is slated for Dec. 26, with the loan scheduled to be repaid Dec. 26, 2021, the Japanese real estate investment trust said in a release.

As of Dec. 18, US$1 was equivalent to ¥112.48.