trending Market Intelligence /marketintelligence/en/news-insights/trending/ZW3hKmnUKHUWPpPVTgZxqw2 content esgSubNav
In This List

Nippon Prologis to prepay ¥7B loans

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Nippon Prologis to prepay ¥7B loans

Nippon Prologis REIT Inc. intends to prepay short-term loans worth ¥7.0 billion on June 16, ahead of the original repayment date of March 2, 2018.

The company will use cash on hand and proceeds from the ¥7 billion issuance of investment corporation bonds, which comprise a ¥2 billion issuance with an interest rate of 0.180% per annum, a ¥1.5 billion issuance with a 0.280% yearly interest rate, another ¥2.5 billion with a 0.500% interest rate annually and a ¥1 billion issuance with a 0.860% yearly interest rate. The company is looking to raise ¥6.96 billion from this issuance.

SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co. Ltd., Mizuho Securities Co. Ltd. and Nomura Securities Co. Ltd. will serve as underwriters for this issuance.

On March 3, the company borrowed ¥4.9 billion from Sumitomo Mitsui Banking Corp. and ¥2.1 billion from The Bank of Tokyo-Mitsubishi UFJ Ltd. The loans were expected to be paid March 2, 2018.

As of June 7, US$1 was equivalent to ¥109.34.