Tobu Railway Co., Ltd.
Tobu Railway Co., Ltd. 138th and 139th Unsecured Bond Issuance
The 138th 5-year bond and the 139th 7-year bond will each raise a total of 10 billion yen, with interest rates of 2.590% / 2.964%, maturities in 2031 and 2033, application period 2026/9/4, payment date 2026/9/15. Underwriters include three joint lead managers.
Key Figures
- 138th Unsecured Bond Total Offer Amount: 100 hundred million yen
- 138th Unsecured Bond Interest Rate: Year 2.590%
- 138th Unsecured Bond Maturity Date: September 12, 2031
- 139th Unsecured Bond Total Offer Amount: 100 hundred million yen
- 139th Unsecured Bond Interest Rate: Year 2.964%
- 139th Unsecured Bond Maturity Date: September 15, 2033
AI要約
Overview of Financial Activities Related to Earnings
Tobu Railway on September 4, 2026 resolved to issue the 138th unsecured bond (5-year) and the 139th unsecured bond (7-year) to raise funds through the bond market. The total subscription amounts are 10 billion yen each, with respective interest rates of 2.590% and 2.964%, and maturities on September 12, 2031 and September 15, 2033. Payment date is September 15, 2026, with general subscriptions. No collateral or guarantees; transfer system applicable under JASDEC; underwriters consist of securities firms including joint lead managers.
Impact on Capital Markets and Outlook
The bond issuance is likely aimed at funding future capital investment and stabilizing cash flows for existing debt, including a subordination covenant among bonds, contributing to visibility of capital costs. While the issuance terms appear set considering market trends and interest rates, the PDF does not detail business plans or用途. Underwriters are major securities firms, and market operation is expected to proceed properly.
Tobu Railway Co., Ltd.
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