Business · Companies · 7 hrs ago
Rakuten sets terms for record ¥400 billion bond issue
Rakuten Group set terms for a ¥400 billion bond issue, its largest ever.
The Japanese company plans to sell ¥40 billion to institutional investors and ¥360 billion to individual investors.
Both parts offer 4.37% interest and are due in five and a half years.
The high rate is expected to attract individual buyers, while the Japan Credit Rating Agency is expected to give the bonds an A-minus rating.
Investors are watching the future of Rakuten’s mobile business as the company raises funds.
The bond sale gives investors a chance to lend to Rakuten at a stated return, but the available information does not say how the proceeds will be used or what happens next.
Rakuten Group set terms for a ¥400 billion bond issue, the largest in its history.
The bonds have a term of five years and six months and an annual interest rate of 4.370%.
The issue comprises ¥4 billion for institutional investors and ¥360 billion for individual investors.
The bonds are priced at ¥100.
Rakuten expects individual investors to be drawn by the rate, which is above 4%.
- Who
- Rakuten Group.
- What
- It set terms for a ¥400 billion bond issue, its largest ever.
- When
- October 16, 2026.
- Where
- Not stated.
- Why
- The funds are being raised, but the available article text does not state their intended use.
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This story does not have a timeline yet.
- Total issue
- ¥400 billion
- Individual-investor bonds
- ¥360 billion
- Institutional-investor bonds
- ¥4 billion
- Term
- Five years and six months
- Annual interest rate
- 4.370%
- Issue price
- ¥100