Nomura Real Estate Master (JP:3462) has released an update.
Nomura Real Estate Master Fund, Inc. plans to secure 4,520 million yen in debt financing to partially fund the acquisition of new assets, including the previously announced hotel and rooms Shin-Osaka. The unsecured loan, with a base interest rate plus 0.39%, will have its drawdown on October 1, 2024, and is set to be repaid in a lump sum 11 months later. This financial move is not expected to significantly affect NMF’s financial results forecast for the fiscal period ending in February 2025.
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