Nippon Accommodations Fund Inc. (JP:3226) has released an update.
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Nippon Accommodations Fund Inc. has announced a new borrowing of 2.0 billion yen from Sumitomo Mitsui Trust Bank, with a low interest rate of 0.49227%, scheduled for repayment by the end of November 2024. The funds are intended to repay an equivalent loan maturing at the end of August 2024, maintaining the company’s total interest-bearing debt at 166.0 billion yen. There is no significant change in loan repayment risk as per the latest securities report.
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