Hankyu REIT takes on JPY1.5 billion financing

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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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Ridzwan Rahmat has been analysing Singapore-listed REITs and business trusts, since 2008. For disclosure purposes, Ridzwan is currently vested in Mapletree Greater China Commercial Trust, Mapletree Industrial REIT and Mapletree Logistics Trust.

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