Mitsui Fudosan Accommodations Fund Inc. [3226.T]
TOKYO, Apr 27 (Pulse News Wire) – Mitsui Fudosan Accommodations Fund Inc. (3226.T) announced today that it has secured a green loan from Mitsubishi UFJ Financial Group and Fukuoka Bank to refinance existing debt and fund sustainable projects.
Under the agreement, the company borrowed ¥1 billion from Fukuoka Bank at a rate tied to the three-month TIBOR plus 0.20%, repayable on April 30, 2026. Additionally, it obtained a ¥2 billion green loan from Mitsubishi UFJ Financial Group, also linked to TIBOR plus 0.20%, due for repayment on March 31, 2036. A portion of the funds raised through the green loan will be used to prepay a ¥1.5 billion long-term loan maturing on March 31, 2027.
Following the refinancing, the total borrowings increased by ¥30 billion, bringing the overall indebtedness to ¥1,677 billion. The interest-bearing debt ratio rose slightly to 40.4% from 40.0%. The company’s green finance framework outlines that the proceeds will support the acquisition of Park Cube Akaogi Tower, designated as a green asset.
Details on the green financing framework can be found on the company's website.
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