[For Translation Purposes Only]
November 24, 2015

For Immediate Release
To Whom It May Concern
Nomura Real Estate Master Fund, Inc.
Securities Code: 3462
Satoshi Yanagita, Executive Director
Asset Management Company:
Nomura Real Estate Asset Management Co., Ltd.
Norio Ambe, President & Chief Executive Officer
Inquiries:
Motomi Uki
Director and Managing Executive Officer
TEL. +81-3-3365-8767 nmf3462@nomura-re.co.jp

Notice Concerning Debt Financing
Nomura Real Estate Master Fund, Inc. (“Nomura Master Fund” or the “Fund” or ”NMF”)
announced today that the Fund will procure debt financing as stated below.
1. Purpose
Nomura Master Fund has decided to procure the debt financing of ¥10,000 million forpayment of existing investment corporation bonds of Nomura Real Estate Office Fund, Inc.,
which matures on November 30, 2015.
2. Details of Debt Financing(1) Long-Term Borrowing (Term for 4 years)
1.

Lenders:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type:
::
:

6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Hachijuni Bank,Ltd., The Keiyo Bank,Ltd., The Chugoku Bank,The Nishi-Nippon City Bank, Ltd., The Tokyo Tomin Bank, Ltd.,
Mitsui Sumitomo Insurance Company, Limited¥3.45billion
Basic Interest Rate (JBA 3 month JPY TIBOR) + 0.22% p.a.
November 26, 2015
Term Loan(4 years with floating-rate, contracted on November 24, 2015)
November, 26, 2019 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment dateFebruary 26, 2016, the first interest payment date, and 26th of every
February, May, August, and November thereafter until August 26,
2019, and the Repayment Date. (or the following business day if thedate is a non-business day, or the prior business day if the following
business date is in the next month)
Unsecured, unguaranteed* Due to the swap agreement, the interest rate will be fixed at0.37420% until the repayment of the 4 years Loan, asstated in “Notice Concerning Concluding Interest-Rate Swap Agreement” announced today.

1(2) Long-Term Borrowing (Term for 5 years)

1.

Lenders

:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type::::6.

Repayment Date

:

7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Bank of Tokyo-Mitsubishi Ｕ Ｆ Ｊ , Ltd., Sumitomo Mitsui
Banking Corporation, Mizuho Trust & Banking Co., Ltd., The
Norinchukin Bank, Resona Bank, Ltd.,The Bank of Fukuoka, Ltd.
¥2.35billion
Basic Interest Rate (JBA 3 month JPY TIBOR) + 0.26% p.a.
November 26, 2015
Term Loan(5 years with floating-rate, contracted on November 24, 2015)
November, 26, 2020 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment dateFebruary 26, 2016, the first interest payment date, and 26th of every
February, May, August, and November thereafter until August 26,
2020, and the Repayment Date. (or the following business day if thedate is a non-business day, or the prior business day if the following
business date is in the next month)
Unsecured, unguaranteed* Due to the swap agreement, the interest rate will be fixed at 0.46190% until the repayment of the 5 years Loan, as
stated in “Notice Concerning Concluding Interest-Rate Swap Agreement” announced today.

(3) Long-Term Borrowing (Term for 5 years )
1.
2.
3.
4.
5.

Lenders
AmountInterest Rate
Drawdown Date
Loan Type:
::
:
:

6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

The Dai-ichi Life Insurance Company, Ltd.
¥0.5billion
0.47375% p.a.
November 26, 2015
Term Loan(5 years with fixed-rate, contracted on November 24, 2015)
November 26, 2020 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment date
May 26, 2016, the first interest payment date, and 26th of every May
and November thereafter until May 26, 2020, and the Repayment
Date. (or the following business day if the date is a non-business day,or the prior business day if the following business date is in the nextmonth)
Unsecured, unguaranteed(4) Long-Term Borrowing (Term for 7 years )1.

Lenders

:

2.
3.
4.
5.

AmountInterest Rate
Drawdown Date
Loan Type::::6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

Taiyo Life Insurance Company, Daido Life Insurance Company,
Sumitomo Life Insurance Company¥1.5billion
0.69250% p.a.
November 26, 2015
Term Loan(7 years with fixed-rate, contracted on November 24, 2015)
November 26, 2022 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment date
May 26, 2016, the first interest payment date, and 26th of every May
and November thereafter until May 26, 2022, and the Repayment
Date. (or the following business day if the date is a non-businessday, or the prior business day if the following business date is in thenext month)
Unsecured, unguaranteed2(5) Long-Term Borrowing (Term for 10 years)

1.
2.
3.
4.
5.

Lenders
AmountInterest Rate
Drawdown Date
Loan Type:::::

6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

Mizuho Bank, Ltd.
¥1.1 billion
Basic Interest Rate (JBA 3 month JPY TIBOR) +0.55% p.a.
November 26, 2015
Term Loan(10 years with floating-rate, contracted on November 24, 2015)
November 26, 2025 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment dateFebruary 26, 2016, the first interest payment date, and 26th of every
February, May, August, and November thereafter until August 26,
2025, and the Repayment Date. (or the following business day if thedate is a non-business day, or the prior business day if the following
business date is in the next month)
Unsecured, unguaranteed* Due to the swap agreement, the interest rate will be fixed at1.09830% until the repayment of the 10 years Loan, as
stated in “Notice Concerning Concluding Interest-Rate Swap Agreement” announced today.

(6) Long-Term Borrowing (Term for 10 years)

1.
2.
3.
4.
5.

Lenders
AmountInterest Rate
Drawdown Date
Loan Type:::::6.

Repayment Date:7.
8.

Terms of Repayment
Interest Payment Date::

9.

Collateral:

Development Bank of Japan Inc.
¥1.1billion
1.06250% p.a.
November 26, 2015Term Loan
(10 years with fixed-rate, contracted on November 24, 2015)
November 26, 2025 (or the following business day if the date is a
non-business day, or the prior business day if the following businessdate is in the next month)Lump-sum repayment on the repayment date
May 26, 2016, the first interest payment date, and 26th of every May
and November thereafter until May 26, 2025, and the Repayment
Date. (or the following business day if the date is a non-business day,or the prior business day if the following business date is in the nextmonth)
Unsecured, unguaranteed

Basic Interest Rate, which applies to the calculation period of the interest rate to be paid on
the Interest Payment Date, will be determined two business days before the previous Interest
payment Date (the first interest rate calculation period being the Date of Loan). Refer to JBA
TIBOR Administration website regarding the JBA Japanese Yen TIBOR.
(http://www.jbatibor.or.jp/english/rate/)
3. Use of Funds(1) Specifics:(2) Scheduled Date of Use :Loan proceed is to be used for the redemption of the existing
investment corporation bonds.
November ,201534. Status of Interest-bearing Debts after Drawdown and the redemption of the bonds(¥mln)

Before drawdown andthe redemption of thebonds( Note 1)

After drawdown and theredemption of thebonds( Note 1)

Short-term Borrowings

4,100

4,100－

Long-term Borrowings

352,426

362,426+ 10,000

47,50037,500－10,000

399,926
404,026

399,926
404,026－－(Note 2)

Investment Corporation
Bond (Note 3)
Sub Total
Total

Increased/Decreased
Amount(Note1)Both columns indicate figures assuming that agreed repayments (¥21.4 million in total) scheduled for November 26,
2015 of the existing investment corporation bonds (¥10,000 million in total) were conducted.
(Note 2) Includes Long-term Borrowings due within one year
(Note 3) Includes Investment Corporation Bond due within one year

5. Other Matters Required for Investors to Accurately Understand and Evaluate theInformation
NMF was incorporated through the consolidation-type merger as of October 1, 2015, and has
not filed any Securities Registration Statement or Securities Report and therefore has notdisclosed “Investment Risks” yet. Please refer to the content of “Investment Risks” of theSecurities Reports (in Japanese) filed by Former NMF on May 25, 2015, by Nomura Real Estate
Office Fund, Inc. on July 9, 2015 and by Nomura Real Estate Residential Fund, Inc. on August26, 2015, respectively, regarding the risks involved in the repayment of the borrowings, etc., asthere is no material change in such risks.
NMF is to disclose its “Investment Risks” in the Securities Report of NMF (the fiscal period
from October 1, 2015 to February 29, 2016) to be filed hereafter.
*Nomura Real Estate Master Fund, Inc. URL: http://www.nre-mf.co.jp/english/

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