Activia Properties Inc. [3279.T]
TOKYO, Mar 26 (Pulse News Wire) – Activia Properties Inc. (3279.T) entered into an interest rate swap agreement with Mitsubishi UFJ Financial Group on March 26 to hedge against interest rate fluctuations related to its recent long-term borrowing.
The swap involves a fixed payment rate of 2.79025%, while the variable receiving rate is based on the Bank of Tokyo-Mitsubishi UFJ's one-month Japanese yen TIBOR. The agreement begins on March 30, 2026, and ends on March 30, 2034. Payments will be made monthly on the last day of each month, adjusted for non-business days.
This swap effectively locks in the interest rate for the long-term loan at approximately 2.79025%. The initial long-term borrowing was disclosed on March 23, involving a total amount of 0.300% yen borrowed from Mizuho Bank, Sumitomo Mitsui Trust Bank, Mitsubishi UFJ Bank, and Sumitomo Mitsui Banking Corporation. Activia Properties noted there were no significant changes to the risks associated with funding since the filing of their securities report on February 25, which detailed potential organizational and operational risks related to financing activities.
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