Japanese real estate investment trust Invincible Investment (TYO:8963) executed interest rate swap agreements for some of its existing borrowings and the borrowings scheduled to be procured on July 16, according to a Tokyo bourse filing on Tuesday.
The company entered into interest rate swap agreements covering about 35.03 billion yen of the new borrowings from Sumitomo Mitsui Trust Bank and Mizuho Bank, fixing interest rates at 1.4792% to 2.0417% while receiving one-month JPY TIBOR. The swaps, executed on Tuesday, apply to borrowings maturing between 2027 and 2030, the filing said.
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