Nippon Building Fund Inc. [8951.T]
TOKYO, Mar 26 (Pulse News Wire) – Nippon Building Fund Inc. (8951.T) announced on March 26 that it had secured loans totaling ¥11.6 billion through various financial institutions.
The funds will be used partially for acquiring domestic real estate trust beneficiary rights and properties, as well as transferring certain assets, according to a previously disclosed notice dated January 07, 2026. Short-term borrowings amount to ¥100 million from Sumitomo Mitsui Trust Bank and ¥100 million from Resona Bank, both due for repayment on March 30, 2026. Long-term borrowings include ¥3 billion from Mizuho Bank, ¥1 billion from Sumitomo Mitsui Banking Corporation, ¥1 billion from Mizuho Corporate Trust Bank, ¥1 billion from Resona Bank, ¥1 billion from SBI Sumishin Netto Bank, ¥1 billion from Fukuoka Bank, and ¥1 billion from Sumitomo Mitsui Trust Bank, with varying repayment schedules ranging from March 30, 2026, to April 30, 2026, and up to March 28, 2036. The total borrowed amount includes sustainability assessments and follows the Green Finance Framework established by Sustainability.
All borrowings are unsecured and interest rates are based on the average of the Tokyo Interbank Offered Rate (TIBOR) published two business days prior to the payment date. Following the execution of these loans, the fund's borrowing situation stands at ¥647 billion, marking an increase of ¥27.00 billion compared to pre-execution levels. Specifically, short-term borrowings increased to ¥200 million, while variable-rate long-term borrowings rose to ¥129.1 billion and fixed-rate long-term borrowings reached ¥496.9 billion. The investment trust bonds remained unchanged at ¥0.
The company noted that there are no changes to the risks associated with repayments related to these borrowings since the last reported filing on September 29, 2025.
🟢 Confidence: High AI-translated content.