HEIWA REAL ESTATE REIT,Inc. [8966.T]
TOKYO, Apr 23 (Pulse News Wire) – HEIWA REAL ESTATE REIT,Inc. (8966.T) entered into an interest rate swap agreement to manage future interest rate risks associated with its Term Loan 67, which was disclosed on February 22, 2023.
The swap agreement involves a principal amount of ¥1.090 billion. Under the deal, HEIWA REAL ESTATE REIT will pay a fixed interest rate of 2.44580% while receiving variable interest based on the All-Japan Banks Association's three-month Japanese yen TIBOR. The transaction is structured to effectively lock in the loan’s interest rate at 2.90580%.
The swap contract begins on April 30, 2026 and ends on May 31, 2032. According to the firm, this move is aimed at hedging against potential fluctuations in borrowing costs tied to the term loan. Regarding future outlook, the company stated there are no changes to the investment risks detailed in its 48th fiscal quarter (ending November 2025) securities report filed on February 25, 2026.
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