Source disclosure: February 25, 2026, 17:15 JST
Nippon Building Fund Inc. [8951.T]
TOKYO, Feb 25 (Pulse News Wire) -- Nippon Building Fund Inc. (8951.T), a real estate investment trust, announced on February 25, 2026, that it has decided to secure long-term financing through borrowings amounting to ¥100 billion. The funds will be used primarily for refinancing existing long-term debt due in February 2026.
The company detailed its borrowing arrangements as follows: A ¥30 billion loan from Mizuho Trust Bank at an interest rate of 1.057%, which is set to mature on February 27, 2036, and will be secured by collateral. Additionally, Mitsubishi UFJ Bank provided two loans totaling ¥70 billion; one for ¥25 billion at an interest rate of 1.265% maturing on February 28, 2029, and another for ¥45 billion at an interest rate of 0.957% due on March 2, 2027. The latter loan is unsecured and unsubordinated.
Interest rates mentioned are based on the Tokyo Interbank Offered Rate (TIBOR) published by the Japan Banking Association, adjusted according to each lender's terms. For instance, the Mizuho Trust Bank loan's rate is calculated as TIBOR plus 0.200%. As of February 25, 2026, the TIBOR rates were 0.85727% for one-month tenor and 1.22909% for three-month tenor. Interest payments will be made monthly on the last business day before each month-end, using the applicable TIBOR rate.
Following these transactions, the total outstanding borrowings of the fund remain unchanged at ¥625 billion. Specifically, variable-rate long-term borrowings increase by ¥7 billion to ¥116.1 billion, while fixed-rate long-term borrowings decrease by ¥7 billion to ¥488.9 billion. Short-term borrowings and investment trust bonds remain unaffected.
Regarding risks associated with this new borrowing arrangement, the company stated there have been no changes since the information disclosed in its securities report filed on September 29, 2025, under the section titled “Investment Risks.” Investors can find further details about the interest rates and other relevant information on the company’s website at https://www.nbf-m.com/nbf/financial/borrowings.html.
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