Nippon Building Fund Inc. [8951.T]
TOKYO, Apr 06 (Pulse News Wire) – Nippon Building Fund Inc. (8951.T) announced on April 06 that it had finalized a long-term loan agreement with Japan Policy Investment Bank.
The loan amount is ¥10.00 billion, with an interest rate based on the three-month TIBOR plus 0.096%. The loan will be executed on April 08, 2026, and is scheduled for repayment on April 07, 2034. The funds raised will be used to refinance existing long-term debt maturing in April 2026.
As of April 2026, the total borrowings remain unchanged at 647 million yen, with adjustments made within the categories of variable-rate and fixed-rate loans. Specifically, the variable-rate long-term borrowing increased from 129,100 million yen to 139,100 million yen, while the fixed-rate long-term borrowing decreased from 496,900 million yen to 486,900 million yen. Additionally, there was a reduction of 15,000 million yen in investment trust bonds.
Regarding risks associated with this financing arrangement, the company stated that the contents outlined in its securities report filed on March 30, 2026 concerning investment risks have not changed.
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