realestate

SANKEI REAL ESTATE Announces Long-term Loan Interest Rate

SANKEI REAL ESTATE Inc. announces fixed interest rate of 1.90375% for certain bonds.

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ANKEI REAL ESTATE Inc. (JP:2972) has announced a key financial move, securing a long-term loan of 796 million yen at an interest rate of 1.90375%. The loan, arranged with Mizuho Bank and Sumitomo Mitsui Banking Corporation, is set to be finalized on March 12, 2025.

    This refinancing strategy aims to bolster the company's financial stability and operational efficiency, potentially enhancing its market positioning and stakeholder interests. As a real estate investment trust (REIT), SANKEI REAL ESTATE Inc. focuses on managing and investing in real estate properties through its subsidiary Sankei Building Asset Management Co., Ltd.

    The company is listed on the Tokyo Stock Exchange, with a current market capitalization of Yen39B. Its year-to-date price performance stands at 13.86%, with an average trading volume of 2,288 shares.

Japanese real estate company SANKEI announces long-term loan interest rate announcement.