Nippon Building (JP:8951) has released an update.
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Nippon Building Fund Inc. announces a new long-term borrowing of ¥1 billion at a 0.526% interest rate, set to mature on October 11, 2032. This strategic move aims to refinance a maturing debt and will not alter the company’s total borrowing balance. The terms include an unsecured, lump-sum repayment method, with the interest rate determined by the three-month Japanese Yen TIBOR plus a 0.08% margin.
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