Nomura Real Estate Master (JP:3462) has released an update.
Nomura Real Estate Master Fund, Inc. has decided to secure a debt financing of 6,860 million yen at a base interest rate plus 0.39% to partially fund the acquisition of new assets, including La’gent Stay Hakodate Ekimae/HAKOViVA. The loan is unsecured and has a repayment term of one year, with the funding set to impact the company’s short-term borrowings, increasing them by the amount of the loan, but with no anticipated change to the financial results forecasts for the upcoming fiscal periods.
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