December 1, 2021 | ||
For Immediate Release | ||
Infrastructure Fund Issuer | ||
Takara Leben Infrastructure Fund, Inc. | ||
Representative: | Masahide Kikuchi, | Executive Director |
Securities Code: 9281 | ||
Management Company | ||
Takara Asset Management Co., Ltd. | ||
Representative: | Mamoru Takahashi, | President & CEO |
Contact: | Masahide Kikuchi, | Vice President |
TEL: +81-3-6262-6402 |
Notice regarding conclusion of interest rate swap contract
Takara Leben Infrastructure Fund, Inc. (the "Fund") today announces that it has concluded an interest rate swap contract with regard to the borrowing of funds (the "Borrowings") as announced in the Notice Regarding Borrowing of Funds dated November 9, 2021. The details are as follows.
I. Interest rate swap contract 1. Details
Interest1 | ||||||||
Notional | Fixed | Variable | Contract | Maturity | Interest | |||
Counterparty | principal | interest | Start date | payment | ||||
interest rate | date | date | ||||||
(¥ million) | rate | date2 | ||||||
payable | receivable | |||||||
First | ||||||||
payment on | ||||||||
May 31, | ||||||||
2022 and | ||||||||
then | ||||||||
subsequently | ||||||||
Sumitomo Mitsui | 6-month | December | December | November, | on the last | |||
5,917 | 1.000% | TIBOR +0.5% | day of every | |||||
Banking Corporation | 1, 2021 | 1, 2021 | 28, 2031 | |||||
(annualized) | May and | |||||||
November | ||||||||
until the | ||||||||
final | ||||||||
payment on | ||||||||
November | ||||||||
28, 2031. | ||||||||
First | ||||||||
payment on | ||||||||
last day of | ||||||||
May 2022 | ||||||||
and then | ||||||||
subsequently | ||||||||
on the last | ||||||||
6-month | December | December | Last day of | day of every | ||||
Shinsei Bank, Limited | 5,917 | 1.000% | TIBOR +0.5% | November | May and | |||
1, 2021 | 1, 2021 | |||||||
(annualized) | 2031 | November | ||||||
until the | ||||||||
final | ||||||||
payment on | ||||||||
the last day | ||||||||
of | ||||||||
November | ||||||||
2031. |
1
*1 The interest rate swap arrangement will effectively fix the interest rate on the notional principal amount of the Borrowings at 1.000%.
*2 If the day specified is not a business day, the interest shall be paid on the following business day. If the following business day falls in the following month, the interest shall be paid on the immediately preceding business day.
2. Reasons for conclusion of interest rate swap contract
The interest rate swap contract is intended to effectively lock in the interest rate payable on the Borrowings in order to avoid the risk of interest rate fluctuation.
II. Other matters required to help investors understand the information provided and make informed decisions There have been no changes in risks related to the repayment of the Borrowings from those listed in Section 1
(Fund Information), Chapter 1 (Fund Conditions), Part 3 (Investment Risks) of the Securities Report filed on August 30, 2021 (including the revised report filed on October 30, 2021), and in Section 2 (Reference Information), Chapter 2 (Supplementary Information for Reference Materials), Part 3 (Investment Risks) of the Securities Registration Statement filed on November 9, 2021 (including the revised statements filed on November 10 and 17, 2021).
End
*The Fund's website:https://tif9281.co.jp/en
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Disclaimer
Takara Leben Infrastructure Fund Inc. published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 06:50:17 UTC.