Mitsui Fudosan gets ¥2 billion green loan from Sumitomo Mitsui

By Mary-Katherine Stinson

Lexington, Ky., Aug. 30 – Mitsui Fudosan Logistics Park Inc. received a ¥2 billion green loan from Sumitomo Mitsui Banking Corp., according to a company release.

The loan will bear interest at Tibor plus 33 basis points.

The bullet repayment will be due Sept. 1, 2033.

Proceeds will be used to repay long-term borrowing incurred as a part of the acquisition of GLP/MFLP Ichikawa Shiohama, an eligible green asset. The borrowing date was Sept. 1, 2016 on the repaid loan.

Mitsui Fudosan is a real estate development company based in Tokyo.

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