Notice Concerning Conclusion of Interest Rate Swap Agreement
NIPPON REIT Investment Corporation ("NIPPON REIT") announces today that the following interest rate swap agreements have been concluded for part of the borrowings announced in "Notice Concerning Borrowing of Funds" dated March 29, 2022 (the "Borrowings")".
Reason for the Conclusion of the Interest Rate Swap Agreements
To hedge against the risk of interest rate fluctuations by fixing the interest rate of the Borrowings.
Details of the Interest Rate Swap Agreements
Notional
Interest Rate (Note 1)
Corresponding Loan
Fixed
Floating
Amount
Commence-
Termination
Loan
Counterparty
interest
interest rate
Loan
Loan
(mm
ment Date
Date
Amount
rate
receivable
No.
Period
yen)
(mm yen)
payable
JBA Japanese
Yen TIBOR
Nomura
applicable to
0.2130%
the respective
August 22,
August 20,
4
Securities Co.,
2,450
075
2,450
(Note 2)
interest
2022
2026
years
Ltd.
calculation
period of the
Loan No. 075
JBA Japanese
Yen TIBOR
applicable to
7
Mizuho Bank,
2,550
0.3555%
the respective
August 22,
April 22,
076
2,550
years
Ltd.
(Note 3)
interest
2022
2030
and 8
calculation
months
period of the
Loan No. 076
JBA Japanese
Yen TIBOR
applicable to
Shinsei Bank,
2,000
0.4570%
the respective
August 22,
August 20,
077
2,000
10
Limited
(Note 4)
interest
2022
2032
years
calculation
period of the
Loan No. 077
Note 1: Interest payment date shall be the 20th day of January, April, July and October every year until the termination date, and the termination date (if the day is not a business day, then it shall be the next business
1
day).
Note 2: The interest rate payable for the Loan No. 075 will be fixed at 0.5030% by the interest rate swap agreement.
Note 3: The interest rate payable for the Loan No. 076 will be fixed at 0.8180% by the interest rate swap agreement.
Note 4: The interest rate payable for the Loan No. 077 will be fixed at 1.0920% by the interest rate swap agreement.
Note 5: Please refer to "Notice Concerning Borrowing of Funds" dated March 29, 2022, for details of each borrowing.
Future outlook
Forecast of the management status for the fiscal period ending December 2022 (from July 1, 2022 to December 31, 2022) and the fiscal period ending June 2023 (from January 1, 2023 to June 30, 2023) announced in the "Summary of Financial Results for the Fiscal Period Ended June 30, 2022 (REIT)" dated August 16, 2022 remain unchanged because the impact of the conclusion of interest rate swap agreement will be minimal.
Others
Concerning the risks associated with the conclusion of the interest rate swap agreement, there is no change in "3. Investment Risks" under "Section 1. Status of Fund" of "Chapter I. Fund Information" in the Securities Reports submitted on March 29, 2022.
This notice is the English translation of the original Japanese document and is provided solely for information purposes. There is no assurance as to the accuracy of the English translation. In the event of any discrepancy between this translation and the Japanese original, the latter shall prevail.
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Nippon REIT Investment Corporation published this content on 18 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2022 07:23:08 UTC.
Nippon REIT Investment Corp is a real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in real estate and corresponding securities. Its properties include FORECAST Nishi Shinjuku, Nihombashi Playa Building, FORECAST Mita, Green Oak Takanawa Base, Shiba Park 3-chome Building and among other. The asset management company of the fund is Sojitz REIT Advisors KK.
NIPPON REIT INVESTMENT CORPORATION 
