Japanese companies will likely issue more than 10 trillion yen in domestic straight bonds
this year as banks continue to put the squeeze on new credit, the Nihon Keizai Shimbun reported Tuesday.
Standard & Poor's has announced that it has rated Sumitomo Mitsui's straight bonds
Fujitsu Limited Twenty-Sixth Series Unsecured Straight Bonds
(with inter-bond pari passu clause)
said Tuesday it will float 70 billion yen in 7-year straight bonds
with a coupon of 1% per annum.
The straight bonds
will be issued with a coupon of 0.
Small- to medium-sized firms are taking the lead in equity financing's comeback, while blue-chip firms with strong credit ratings still favour straight bonds
, a cheaper fundraising tool given the nation's ultra-low interest rates.
But despite the difficult year for convertibles in 1994, the interest-rate increases took an even greater toll on straight bonds
MU) is planning to issue subordinated straight bonds
locally for retail investors, the Nikkei has reported.
Mizuho Corporate Bank's prime rate is linked to the market yields on its five-year, straight bonds
Japan's largest mobile phone carrier said the straight bonds
will be issued at 99.
said Wednesday it will issue 50 billion yen in domestic straight bonds