Japan Real Estate Investment (JP:8952) has released an update.
Japan Real Estate Investment Corporation has secured a sustainability-linked loan of JPY 2.5 billion from Mizuho Bank to repay an existing long-term loan maturing on October 1, 2024. The terms of the loan include an interest rate of the 3-month JPY TIBOR plus 0.160%, with potential rate reduction contingent on achieving CO2 reduction targets. The loan is unsecured and is to be repaid in a lump sum on October 2, 2034.
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