Japan Retail Investment (JP:8953) has released an update.
Japan Metropolitan Fund Investment Corporation (JMF) is set to refinance an existing loan of 1,500 million yen due on November 1, 2024. The refinancing involves short-term borrowings with Sumitomo Mitsui Trust Bank and MUFG Bank, with a combined loan term of approximately 0.2 to 0.3 years at floating interest rates. This strategic move maintains JMF’s overall debt level while extending the maturity profile of its obligations.
For further insights into JP:8953 stock, check out TipRanks’ Stock Analysis page.
