NTT UD REIT Investment (TYO:8956) plans to raise debt finance of 2 billion yen from Sumitomo Mitsui Banking Corporation, according to a Monday filing to the Tokyo bourse.
The funds raised will be used to repay a loan of 2 billion yen that is maturing on Sept. 30.
The loan will carry a floating rate of base interest rate plus 0.28％ and is scheduled to mature in eight years on Sept. 30,
2034.
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