Asia
Industrial & Infrastructure Fund Secures New Debt Financing
Industrial & Infrastructure Fund Investment (TYO:3249) said it will raise 3.4 billion yen through new debt financing to replenish cash used for recent property acquisitions, according to a Wednesday filing on the Tokyo Stock Exchange.The loan will be provided by Mizuho Trust & Banking with a term of about 0.9 years at a floating rate tied to one-month yen TIBOR plus 0.16%, with borrowing scheduled for April 27 and repayment due March 31, 2027.Following the financing, total interest-bearing debt will increase to 297.63 billion yen from 294.23 billion yen.
TYO:3249
