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Frontier REIT to Refinance 2 Billion Yen Short-Term Loan With Bank of Fukuoka

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Frontier Real Estate Investment (TYO:8964) will execute a 2 billion yen short-term loan to refinance an existing short-term borrowing of the same amount from the Bank of Fukuoka, maturing Thursday.

The new unsecured loan, to be drawn from the Bank of Fukuoka on Thursday and repaid in full on July 10, carries a fixed interest rate of 1.12691%, according to a Tuesday filing on the Tokyo Stock Exchange.

The refinancing will not change the total borrowing balance, which will remain at 153.7 billion yen.

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