Tokyo Century Corporation
Announcement on the Fifth Public Offering Hybrid Bonds (subordinate special covenant) Issuance
Issuing 20 billion yen of unsecured bonds with a deferred interest and early redemption clause in public offering format (subordinate covenant). The purpose is to maintain financial soundness and diversify funding sources, supporting growth investments under the mid-term management plan 2030 for fiscal year 2026. Subsequent condition decisions will depend on market environment and will be promptly disclosed when decided.
Key Figures
- Total issue price: 200 億円
- Bond features: Subordinate covenant attached
- Mid-term Management Plan 2030 growth investment: Total over 2 trillion yen (based on segment asset balances)
AI要約
Overview
Tokyu Century will issue 20 billion yen of publicly offered hybrid bonds (subordinate covenant attached) to secure funds for advancing the mid-term plan 2030 and maintaining financial soundness. By obtaining capital-ness recognition as a hybrid financing instrument, it will support agile financial strategy and ensure liquidity. Early redemption conditions and other operations may be considered for refinancing through securities at a later date.
Outlook and impact
We plan to determine interest conditions while watching market conditions. Obtaining capital-ness recognition is expected to strengthen the group's overall funding capacity and contribute to reducing financial costs. After the first optional redemption date, the repayment policy will depend on financial indicators to determine whether to utilize refinancing securities.
Tokyu Century Corporation
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