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Japan Prime Realty Investment to Raise 4 Billion Yen in Green Loans to Refinance Debt

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Japan Prime Realty Investment (TYO:8955) said it has agreed to raise 4 billion yen in green loans to refinance debt, diversify funding sources, and support sustainability initiatives, according to a Friday release.

The Japan-based real estate investor said it will draw an unsecured, non-guaranteed loan worth 2 billion yen from The Chiba Bank, 1 billion yen from The Yamaguchi Bank, and 1 billion yen from The Bank of Iwate on July 22.

The loan from Chiba Bank carries a floating interest rate of one-month JBA Japanese yen TIBOR plus 0.17%, alongside two fixed-rate loans, with repayments due between July 20, 2029, and July 20, 2035.

The proceeds will be used to redeem 4 billion yen of investment corporation bonds, maturing July 22.

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