Hankyu REIT property Hotel Gracery Tamachi. (Photo: Hankyu REIT)

Japan-listed Hankyu REIT announced on 24 October that it has taken on a new short-term debt facility of JPY1.5 billion.

The facility has been arranged by the REIT with The Bank of Tokyo Mitsubishi UFJ Limited, and features a base interest rate that is tied to the JBA one-month JPY TIBOR + 0.15%.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.