Nippon Building (JP:8951) has released an update.
Nippon Building Fund Inc. has announced a refinancing plan for a short-term borrowing of ¥5 billion with an interest rate of 0.261%, scheduled for implementation on July 31, 2024, and due for repayment by August 30, 2024. The move is aimed at maintaining the company’s existing financial structure, as there will be no change in the overall balance of short-term and long-term borrowings and bonds, which remains at ¥580.9 billion. The refinancing is specifically for replacing an existing short-term loan, and there are no new risks associated with this financing as per the last securities report.
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