-- Heiwa Real Estate REIT (TYO:8966) has entered into an interest rate swap agreement to fix borrowing costs on a 1.09 billion yen loan, according to a Thursday filing on the Tokyo Stock Exchange.
The swap, with Daiwa Securities, will effectively set the loan's interest rate at about 2.9% through May 2032, the company said, adding the move is aimed at hedging against rate fluctuations.