Nippon Accommodations Fund Inc. (JP:3226) has released an update.
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Nippon Accommodations Fund Inc. has announced a new borrowing of 1.0 billion yen from the Development Bank of Japan Inc. at an interest rate of 0.844%, with a maturity date of August 31, 2028. This strategic move is aimed at repaying an existing loan of 2.5 billion yen due August 6, 2024, which will result in a slight decrease in the company’s long-term debt and overall interest-bearing debt ratios.
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