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Nippon Building Fund Secures 5 Billion Yen Green Loan to Refinance Maturing Debt

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Nippon Building Fund (TYO:8951) has agreed to borrow 5 billion yen from the Development Bank of Japan at an interest rate of 1.354%, based on three-month Japanese Yen TIBOR plus a 0.096% margin, according to a Tokyo bourse filing on Thursday.

The unsecured, unguaranteed loan is expected to be implemented on June 1, 2026, with the full principal amount repayable in one lump sum on the due date of June 1, 2034.

The proceeds will be used to refinance a long-term borrowing maturing in June, with the transaction effectively replacing 5 billion yen of fixed-rate debt with floating-rate debt.

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