Open Up Group Inc.
Notice of Rating Affirmation
Received notice from Japan Credit Rating Agency (JCR) that the long-term issuer rating is A with a Stable outlook. The subject is unsecured bonds of 5,000 million yen (issued 2025, maturing 2028, coupon 1.699%), and the rating is being used to stabilize funding and improve capital cost.
Key Figures
- Long-term Issuer Rating: A
- Issue Amount: 5,000 million yen
- Maturity Date: 2028-12-11
- Coupon: 1.699%
AI要約
Overview of Rating Affirmation
Today, Japan Credit Rating Agency (JCR) notified us that our long-term issuer rating has been affirmed at A with a Stable outlook. The subject is the 1st series of unsecured bonds (pari passu clause among bonds) in the amount of 5,000 million yen, with issuance in 2025, maturity in 2028, and a coupon of 1.699%. The purpose of maintaining the rating is to stabilize funding and improve the cost of capital through an independent third-party evaluation.
Impact for Investors
The affirmation of the rating is positive for investors as it supports diversification and stabilization of funding. It suggests potential reduction in costs for future funding strategies and the use of leverage. The release refers readers to JCR's news release for further details.
Open Up Group Inc.
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