[For Translation Purposes Only]
February 7, 2017

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:
Ken Okada
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.

Ⅰ.Debt Financing1. Purpose
Nomura Master Fund has decided to procure the debt financing of ¥5,000 million for the redemption of existing
investment corporation bonds of Nomura Real Estate Residential Fund, Inc., which matures on Febuary 24, 2017.
2. Details of Debt Financing
Lenders

Amount(millions of yen)

The Bank of Tokyo-Mitsubishi
UFJ, Ltd.

1,625

Sumitomo Mitsui Banking
Corporation

1,250

Mizuho Bank, Ltd.
Mitsubishi UFJ Trust andBanking Corporation
Sumitomo Mitsui Trust Bank,
LimitedInterest Rate

Drawdown
Repayment
Terms ofTerm Loan TypeDate
Date(Note 1) Repayment

CollateralCommitment
Floating-rateLine
Lump-sum
Basic Interest Rate
February 23,Agreement, February 23, repayment on Unsecured,875+0.55%
1 year2017
contracted
2018
the repayment unguaranteed(Note 2) (Note 3)
on June 8,date(Note 4)
2016
750
500

－ 1 －

(Note 1)(Note 2)

(Note 3)(Note 4)

Repayment Date is 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 next month.
Basic Interest Rate, which applies to the calculation period of the interest rate to be paid on the Interest Payment Date, will be
JBA 1 month JPY TIBOR as of two business days before the previous Interest Payment Date of the respective interest
payment dates (however, the Drawdown Date for the first interest rate calculation period) announced by the JBA TIBOR
Administration.
Basic Interest Rate indicated in (Note 2) will be reviewed on each Interest Payment Date. However, in the case the rate thatapplies to the calculation period of the interest rate does not exist, what is calculated based on the method stated in the contract
will be the Basic Interest Rate that applies to the concerned period. Refer to the JBA TIBOR Administration website regarding
the changes in the respective JBA Japanese Yen TIBOR, the base interest rate.
March 26, 2017, the first interest payment date, and 26th of every month thereafter until 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 next month)

3. Use of Funds(1) Specifics:

Loan proceed is to be used for the redemption of the existing investment
corporation bonds.

(2) Scheduled Date of Use:

February 24, 2017

Ⅱ．Status of Interest-bearing Debts after Drawdown and the redemption of the bonds(millions of yen)

Before drawdown and theredemption of the bonds

After drawdown and theredemption of the bonds

Increased/Decreased
Amount－5,000＋5,000Current portion of Long-termborrowings (Note 1)

52,28452,284－Long-term borrowings(Note 2)

415,021415,021－467,305

472,305＋5,00010,0005,000－5,00022,50022,500－Total Investment Corporation Bonds

32,50027,500－5,000Total Interest-Bearing Debts

499,805

499,805－

Short-term Borrowings

Total BorrowingsCurrent portion of Investment
Corporation Bonds(Note 1)
Investment Corporation
Bonds(Note 3)(Note 1) Nature of term is as of the end of the 2nd fiscal period (August 31, 2016).
(Note 2) Excludes Long-term Borrowings due within one year.
(Note 3) Excludes Investment Corporation Bond due within one year.

Ⅲ．Forecasts of Financial Results

There is only small impact to Nomura Master Fund’s forecasts of financial results for the fiscal period
ending February 28, 2017 (September 1, 2016 to February 28, 2017), there is no revision to the forecastof financial results.
Ⅳ．Other Matters Required for Investors to Accurately Understand and Evaluate the Information

No change has been made to the content of “Section 1 Fund Information / 1 Status of Fund / 3
Investment Risks” of the Securities Report (in Japanese) filed on November 28, 2016, regarding the risk
involved in the debt financing.
Nomura Real Estate Master Fund, Inc. URL: http://www.nre-mf.co.jp/english/－ 2 －