Japan Retail Investment (JP:8953) has released an update.
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Japan Metropolitan Fund Investment Corporation (JMF) is set to refinance an existing loan of 1,500 million yen due on November 1, 2024. The refinancing involves short-term borrowings with Sumitomo Mitsui Trust Bank and MUFG Bank, with a combined loan term of approximately 0.2 to 0.3 years at floating interest rates. This strategic move maintains JMF’s overall debt level while extending the maturity profile of its obligations.
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