Pan Pacific International Holdings Corporation
Notice Regarding Unsecured Bond Issuance
Pan Pacific International Holdings Corporation has decided to issue the 25th unsecured bonds worth 30 billion yen at an annual interest rate of 2.027%. The funds will be allocated to bond redemption and loan repayments.
Key Figures
- Total Bond Amount: 30 billion yen
- Interest Rate: Annual 2.027%
- Redemption Date: March 12, 2031
AI要約
Overview of Capital Policy
Pan Pacific International Holdings Corporation has decided to issue the 25th unsecured bonds (pari passu among bonds) amounting to 30 billion yen. The interest rate is 2.027% per annum, and the redemption date is March 12, 2031. These bonds are unsecured and unguaranteed, and are subject to the book-entry transfer system. The underwriting securities firms are SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. The issuing agent and paying agent is Resona Bank, Limited.
Use of Proceeds and Impact on Investors
The procured funds are scheduled to be allocated for bond redemption and loan repayments, contributing to maintaining financial soundness. The bonds are unsecured with a financial covenant restricting collateral provision. The credit rating assigned by Japan Credit Rating Agency, Ltd. is AA-, indicating limited credit risk for investors.
