Japan's Rakuten issues $1.8 bln of dollar-denominated 3-year senior notes

Rakuten

31/01/2024 03:53

TOKYO, Jan 31 (Reuters) - Japanese e-commerce
conglomerate Rakuten Group  4755.T  said on Wednesday that it
will issue $1.8 billion of U.S. dollar-denominated 3-year senior
notes at an interest rate of 11.25%.
    The fundraising will allow Rakuten to fully buy back its
10.25% senior notes and 3.546% senior notes due in 2024, which
have a combined principal outstanding of $1.75 billion.
    Rakuten announced tender offers to buy back the notes last
Friday with a combined cap of $1 billion, but the company said
on Tuesday it was "extending the offers to any and all
outstanding notes of either series".

 (Reporting by Anton Bridge; Editing by Savio D'Souza)
 ((Anton.Bridge@thomsonreuters.com;))