Japan Real Estate Investment (JP:8952) has released an update.
Japan Real Estate Investment Corporation has announced the early repayment of a 1 billion yen short-term loan from MUFG Bank, Ltd. and the simultaneous procurement of a new sustainability-linked loan of the same amount from The Gunma Bank, Ltd. This new debt financing is aimed at promoting sustainable practices, offering reduced interest rates upon achieving predetermined CO2 reduction targets by 2030.
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