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February 18, 2022 |
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Company: |
Financial Products Group Co., Ltd. |
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Representing: |
Hisanaga Tanimura, CEO and Founder |
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(Code 7148 on the first section of the Tokyo Stock Exchange) |
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Requests: |
Hiroshi Sakurai, Managing Director and General |
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Manager, Business Planning Service |
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(TEL. +81-3-5288-5691) |
Notification of Debt Financing for Development of Large-Scale Real Estate Fraction
Property investment product
Financial Products Group Co., Ltd. (FPG) decided on February 18, 2022 to borrow funds as described below.
1. Reason for borrowed funds
FPG actively acquired real estate for the Arrangement, based on the experience of strong sales of real estate condominium investment products in the real estate fund industry. We decided to borrow a total of 13.5 billion yen, an upper limit, from financial institutions to finance the acquisition of real estate for a large-scale project in Tokyo.
2．Summary of Loan Funds
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8.5 billion JPY (upper limit) |
5.0 billion JPY (upper limit) |
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Sumitomo Mitsui Banking Corporation |
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Lender |
Sumitomo Mitsui Trust Bank, Limited |
Sumitomo Mitsui Banking Corporation |
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Gunma Bank, Ltd. |
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borrowing date |
March 18, 2022 |
March 18, 2022 |
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Final redemption date |
February 28, 2023 |
September 29, 2023 |
To note. The table above shows the timing as of February 18, 2022 and actual borrowings may vary.
3．Outlook
There are no changes to the financial results forecast for the fiscal year ending September 30, 2022. However, if there are any issues that need to be disclosed, we will announce them immediately.
Warning
Financial Products Group Co. Ltd. published this content on February 18, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on February 18, 2022 07:40:05 UTC.
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