TOKYU REIT (JP:8957) has released an update.
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TOKYU REIT has announced a green loan-financed long-term debt repayment plan. The ¥2.5 billion unsecured green loan from Mitsubishi UFJ Trust and Banking Corporation will refinance existing obligations, specifically for the Tokyu Nampeidai-cho Building, with an 8-year term and a floating interest rate above the JBA three-month Japanese Yen TIBOR. This strategic financial move aims to fulfill the company’s green finance framework commitments.
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