Hikari Tsushin, Inc.
Notice of Unsecured Bond Issuance (58th & 59th)
Issuance of a total of 30 billion yen in unsecured bonds for the 58th and 59th issues. The 58th issue is a 4-year bond, coupon 3.021%, with maturity on 9/9 of 2030 and 9/9 of 2029/2030 (28/35-year combination). The 59th issue is a 7-year bond, coupon 3.977%, with maturity on 9/9 of 2033. Proceeds allocated for bond redemption funds.
Key Figures
- Total issue amount: 100 hundred million yen, 200 hundred million yen
- Interest rates: 58th 3.021%, 59th 3.977%
- Maturity dates: 58th 9/9/2030, 59th 9/9/2033
AI要約
Funding overview
Kō Tsūshin has decided to issue the 58th and 59th unsecured bonds. The total issuance amounts to 30 billion yen, with bond amounts set in units of 1 hundred million yen. The 58th issue is a 4-year bond, with maturity on 9/9/2030, coupon rate of 3.021% per year, and corresponding settlement and maturity dates. The 59th issue is a 7-year bond, with maturity on 9/9/2033, coupon rate of 3.977% per year, with settlement and maturity dates set. Proceeds are designated for bond redemption funds.
Issuance framework and risks
Lead underwriters are Nomura Securities, Daiwa Securities, Mizuho Securities, SMBC Nikko Securities; bond administrator is Mizuho Bank; clearing agency is Japan Securities Depository Center; ratings are A+ (R & I) and A (Credit Rating Information Center), indicating relatively solid evaluation. Ongoing funding costs and debt repayment schedules require attention.
Hikari Tsushin, Inc.
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