TSE:8953Retail REITs
Japan Metropolitan Fund Investment (TSE:8953) Funds New Property Deal On Undervalued View
Why Japan Metropolitan Fund Investment’s New Borrowing Matters
Japan Metropolitan Fund Investment (TSE:8953) has moved to secure fresh funding for a new real estate acquisition, pairing a new loan with refinancing that keeps its borrowing structure focused on medium term debt.
The real estate investment corporation will borrow ¥2,400 million from SBI Shinsei Bank and refinance a ¥1,500 million facility with Mizuho Bank, both on 7 year, unsecured, floating rate terms linked to JBA 1 month yen...