Advance Residence Investment Corporation [3269.T]
TOKYO, Apr 27 (Pulse News Wire) – Advance Residence Investment Corporation (3269.T) announced that it has finalized interest rates for fixed-rate borrowings amounting to ¥3.050 billion scheduled for borrowing on April 30, 2026. The rate set for this borrowing is 1.5%, with repayment due on October 31, 2034.
Additionally, the corporation decided to enter into an interest rate swap agreement to hedge against fluctuation risks associated with variable-rate borrowings totaling ¥1.550 billion. The swap contract was signed with Mizuho Bank, covering a term of 7.0 years until April 28, 2033. Under the terms of the agreement, the bank will pay a fixed rate of 1.5%, while receiving a floating rate based on the Tokyo Interbank Offered Rate (TIBOR) for one month.
Interest payments under the swap begin on May 29, 2026, continuing monthly thereafter, with adjustments made for non-business days. This arrangement effectively locks in the interest rate for the long-term borrowing, ensuring stability for the investment trust's finances. Advance Residence Investment Corporation, managed by Itochu Real Estate Management Co., Ltd., specializes in residential-focused real estate investment trusts (REITs).
Its portfolio includes rental properties primarily located in central Tokyo, offering stable returns and defensive characteristics through its strategic asset allocation.
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