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BRIEF-United Urban Investment plans new units issuance and term loan
November 29, 2016 / 6:35 AM / a year ago

BRIEF-United Urban Investment plans new units issuance and term loan

Nov 29 (Reuters) - United Urban Investment Corp :

* Says it plans to issue 90,000 new units via public offerings and 12,065 units via private placemen, with details to be determined

* Says co plans 1.4 billion yen worth of term loan, with interest rate of one-month TIBOR (Tokyo Inter Bank Offered Rate)+ 0.3 percent and maturity on Dec. 20, 2024

* Proceeds to be used to fund properties acquisition

* Co completes sale of trust beneficial rights of two properties at 4,420 million yen on Nov. 29

Source text in Japanese: goo.gl/Bo89Et ; goo.gl/0JCqFM ; goo.gl/7JhN4y

Further company coverage: (Beijing Headline News)

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