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Orix JREIT Secures 10.6 Billion Yen in New Loans to Refinance Debt

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Orix JREIT (TYO:8954) has arranged over 10.6 billion yen in new debt financing through four lenders to refinance existing loans, according to a Tokyo bourse filing on Thursday.

The Norinchukin Bank's 3 billion yen sustainability-linked loan carries a fixed rate of 2.292%, with interest rate terms tied to achieving pre-set sustainability performance targets.

The Yamaguchi Bank's 1 billion yen loan carries a fixed rate of 2.408%, while The Bank of Fukuoka and MUFG Bank's loans of 3.5 billion yen and 3.12 billion yen, respectively, carry floating rates.

The new loans are scheduled to be drawn down Sept. 24, with repayment dates range from September 2029 to September 2035.

What else is happening in Asia?

Asia

Market Chatter: China Airlines Plans Codeshare Partnership with Britain's Virgin Atlantic

China Airlines (TPE:2610) plans to launch codeshare partnership with Britain's Virgin Atlantic Airways, according to a Focus Taiwan report on Wednesday, quoting the airlines' president Kevin Chen.Initially, China Airlines, and Virgin Atlantic will share flight codes on each other's services and will subsequently tap into complementary route networks to faciliate better flight services between Taiwan and the UK, Chen said.China Airlines' sahares were up over 1% in Thursday's trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TPE:2610
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China Petrochemical Unit Wins Court Ruling Revoking Land Seizure

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TPE:1314
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Lotus Pharmaceutical's Unit to Reduce Capital by $70 Million

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TPE:1795