Nippon Building Fund Secures 2.7 Billion Yen Loan for Refinancing
Nippon Building Fund (TYO:8951) will borrow 2.7 billion yen from MUFG Bank at an interest rate of 1.864%.The loan is unsecured and unguaranteed and is payable in a lump sum on Sept. 16, 2036, according to a Tokyo bourse filing on Friday.The proceeds will be used to refinance a long-term borrowing maturing in January 2027.