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TYO:3226

6 stories mentioning TYO:3226Updated 7d ago

Every FINWIRES story that references TYO:3226, newest first.

Asia

Mitsui Fudosan Secures 1 Billion Yen Loan to Refinance Maturing Debt

Mitsui Fudosan (TYO:3226) has secured a 1 billion yen loan from Sumitomo Mitsui Banking, with a 10-year maturity at an interest rate of JBA 1-month TIBOR plus 0.25%.The funds will be used to repay an existing 2 billion yen loan from the same lender that matures on July 31, according to a Tokyo bourse filing on Wednesday.The new loan is unsecured and unguaranteed, with bullet repayment due in July 2036.Following this transaction, the REIT's total interest-bearing debt will decrease slightly from 174.2 billion yen to 173.2 billion yen.

TYO:3226
Asia

Mitsui Fudosan Extends 15 Billion Yen Commitment Line Agreements by One Year

Mitsui Fudosan Accommodations Fund (TYO:3226) extended the agreement termination dates for its commitment line with three lenders by one year to July 31, 2029.The facilities executed on July 21, 2016, and Oct. 9, 2018, provide commitment lines of 5 billion yen each from Sumitomo Mitsui Banking Corp., Sumitomo Mitsui Trust Bank, and Mizuho Bank.

TYO:3226
Asia

Mitsui Fudosan Accommodations Fund Borrows 5.5 Billion Yen Across Three Loans

Nippon Accommodations Fund (TYO:3226) has agreed to borrow a total of 5.5 billion yen from Sumitomo Mitsui Trust Bank, Kiraboshi Bank, and Hachijuni Nagano Bank, with loan drawdown scheduled for May 29, according to a Tokyo bourse filing on Wednesday.The REIT said the loans carry floating interest rates based on JBA Japanese Yen TIBOR plus a spread, with maturities ranging from August 2026 to May 2033.Proceeds will be used to repay existing borrowings, including a 2 billion yen loan from Sumitomo Mitsui Trust, another 2 billion yen from Chugoku Bank and 1.5 billion yen from Hachijuni Nagano Bank.Total interest-bearing debt remains unchanged at 173.7 billion yen following the transaction.

TYO:3226
Asia

Mitsui Fudosan Accommodations Fund to Borrow 5 Billion Yen

Mitsui Fudosan Accommodations Fund (TYO:3226) will borrow a total of 5 billion yen through refinancing, including a green loan, to repay existing debt and support sustainability-linked financing, according to a Monday filing on the Tokyo Stock Exchange.The REIT will secure a 2 billion yen loan from Bank of Fukuoka maturing in April 2032 and a 3 billion yen green loan from MUFG Bank maturing in March 2036. Both loans will be unsecured and repaid in lump sums at maturity.The proceeds will be used to refinance existing borrowings, including a 2 billion yen loan due in April 2026 and an early repayment of a 3 billion yen loan due in March 2027. The funds relate to debt originally used to acquire Park Cube Atagoyama Tower, classified as a green asset.

TYO:3226
Asia

Mitsui Fudosan Accommodations Fund to Repay 3 Billion Yen Loan Early

Mitsui Fudosan Accommodations Fund (TYO:3226) said it will make an early repayment of a 3 billion yen loan from MUFG Bank, according to a Wednesday filing on the Tokyo Stock Exchange.The loan, originally due in March 2027, will be repaid on April 30. Following the repayment, total interest-bearing debt will decrease to 170.7 billion yen from 173.7 billion yen.

TYO:3226
Asia

Mitsui Fudosan Accommodations Fund's Six-Month Net Income Rises 8.6%

Mitsui Fudosan Accommodations Fund's (TYO:3226) net income rose 8.6% to 6.35 billion yen for the six months ended Feb. 28 from 5.85 billion yen the previous half-year period.The REIT's net income per unit increased to 2,523 yen from 2,324 yen in the previous six-month period, according to a Tokyo bourse filing on Thursday.Total revenues climbed 4% to 13.7 billion yen from 13.2 billion yen in the prior half-year period.It declared a final distribution of 2,405 yen per unit, payable from May 15.For the fiscal period ending Aug. 31, the REIT expects net income of 6.7 billion yen and total revenues of 14.6 billion yen.For the following six-month period ended Feb. 28, 2027, the REIT expects net income of 6 billion yen and total revenues of 13.8 billion yen.Mitsui Fudosan plans to pay a distribution of 2,397 yen per unit for the August 2026 period and 2,384 yen per unit for the February 2027 period.

TYO:3226

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