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Daiwa Securities Living Investment Refinances 700 Million Yen Loan with Kagawa Bank

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Daiwa Securities Living Investment (TYO:8986) has secured a new 700 million yen loan to refinance an existing borrowing of the same amount due June 30, according to a Tokyo bourse filing on Wednesday.

The new unsecured term loan from The Kagawa Bank carries an interest rate of 1-month JBA Japanese Yen TIBOR plus 0.4700%, with monthly interest payments.

The loan is structured as a lump-sum repayment on the due date of March 31, 2033. The refinancing replaces the original borrowings that were taken out in June 2019.

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