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Daiwa Securities Living Investment Secures 8.2 Billion Yen to Redeem Bonds, Repay Debts

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Daiwa Securities Living Investment (TYO:8986) has secured over 8.2 billion in borrowings to redeem maturing bonds and repay existing debts, according to a Tokyo bourse filing on Thursday.

The new loan will be used to redeem 2.5 billion 4th Unsecured Investment Corporation Bond maturing on June 15 and to refinance existing borrowings of over 5.7 billion due on June 22.

The refinancing comprises multiple term loans drawn from financial institutions including MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Aozora Bank, Resona Bank, Development Bank of Japan and The Bank of Fukuoka.

The loans carry maturity dates extending from June 2029 to May 2033.

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