Brief: Nippon Commercial Development to buy land and to take out 6 bln yen loan

Jinushi Co

10/06/2016 08:40

June 10 (Reuters) - Nippon Commercial Development Co Ltd 
 3252.T  : 
     
    * Says it plans to buy a plot of land in Tokyo for an 
undisclosed price 
    * Says it plans to take out a 20-year loan of 6,040 million 
yen from Sumitomo Mitsui Banking Corporation with interest rate 
of one-month TIBOR (Tokyo Inter Bank Offered Rate)+ 0.5 percent 
on June 30 
    * Says proceeds to be used for property acquisition 
     
    Source text in Japanese: https://goo.gl/2PHlW2 
    Further company coverage: 3252.T  
 
 (Beijing Headline News) 
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