Open House Co (JP:3288) has released an update.
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Open House Group Co., Ltd. has announced the securitization of loan receivables from its U.S. real estate business to boost cash flow, asset efficiency, and financial stability. The move targets loans provided for U.S. real estate purchases, reflecting growing interest in U.S. real estate investment for asset diversification. The securitization, arranged by Sumitomo Mitsui Banking Corporation and rated ‘A’ by the JCR, involves an execution amount of 13.7 billion yen.
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