Pan Pacific International Holdings Corporation
Pan Pacific International Holdings Corporation Notice of Issuance of the 26th Unsecured Bonds
Total bond amount 25,000 million yen, interest rate 2.455% per annum, maturity October 19, 2029; issuance terms determined. Proceeds to be used for bond redemption; unsecured. Lead underwriter SMBC Nikko Securities among multiple underwriters; rating AA- (Japan Credit Rating Agency).
Key Figures
- Total Bond Amount: 25000 million yen
- Interest Rate: 2.455% per annum
- Maturity Date: 2029-10-19
AI要約
Issuance Overview
Today, the Company determined the issuance terms for the 26th series of unsecured bonds. The total amount is 25,000 million yen, with units of 1,000 thousand yen per bond (100 million yen per bond unit is represented as 100 million yen in the original; here issuance unit is 1,000 thousand yen), interest rate 2.455% per annum, maturity on October 19, 2029. The bonds will be issued as book-entry bonds and no collateral or guarantees are provided. The bonds are underwritten by SMBC Nikko Securities and others, and a covenant restricting provision of collateral will apply as a financial covenant. Proceeds are planned to be allocated for bond redemption.
Financing and Credit Assessment
The rating is AA- (Japan Credit Rating Agency). The transfer agent is Japan Securities Depository Center, Inc., and Resona Bank serves as the financial agent. The issue date and application period are both set for early October, repayment and maturity dates are established, and there are multiple underwriting securities firms.
Pan Pacific International Holdings Corporation
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