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BRIEF-Starts Proceed Investment to sell properties and take out loan to acquire properties
December 7, 2017 / 7:15 AM / 6 days ago

BRIEF-Starts Proceed Investment to sell properties and take out loan to acquire properties

Dec 7 (Reuters) - Starts Proceed Investment Corp

* Says it will sell properties for 396.9 million yen, effective Dec. 8

* Says it will acquire properties for 3.28 billion yen, effective Dec. 15

* Says it will take out a loan of 2.9 billion yen, on Dec. 15, to acquire properties

* Maturity date on May 24, 2022, and interest rate of one-month TIBOR (Tokyo Inter Bank Offered Rate)+ 0.6 percent

Source text in Japanese:goo.gl/KUcfyW; goo.gl/iBfGF8

Further company coverage: (Beijing Headline News)

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