Japan Post Bank prices its stock offering at 1,131 yen apiece

Japan Post Insurance

13/03/2023 07:51

TOKYO, March 13 (Reuters) - Japan Post Bank  7182.T 
said in a regulatory filing on Monday it priced its secondary
share offering at 1,131 yen ($8.41) apiece.
    Its parent Japan Post Holdings Co  6178.T  said last month
it plans to sell 975.4 million shares of the banking unit, with
an overallotment of an additional 113.6 million shares in the
domestic market.
    The sale, the first since its 2015 listing, will reduce the
parent's stake in Japan Post Bank to under 65% from the current
89% to meet new rules requiring companies on the Tokyo bourse's
prime section to keep a tradable share ratio of 35% or more.


($1 = 134.4300 yen)

 (Reporting by Makiko Yamazaki; Editing by Muralikumar
Anantharaman)
 ((Makiko.Yamazaki@thomsonreuters.com; +81-3-4563-2805;))