Rakuten raises dollar-denominated 3-yr senior note issuance to $1.75 bln from $1 bln -source

Rakuten

30/01/2024 02:04

TOKYO, Jan 30 (Reuters) - Japanese e-commerce
conglomerate Rakuten Group  4755.T  has raised the size of a
planned dollar-denominated 3-year senior note issuance to $1.75
billion from $1 billion, according to a source. 
    Rakuten announced the proposed issuance on Friday and said
it intended to use the proceeds to pay off $1 billion worth of
senior notes due in 2024. 
    Including the notes due in 2024, the group has a total of
800 billion yen ($5.43 billion) in debt redemptions due by the
end of 2025. 
    The new issuance will have an interest rate of around 12.25%
and terms are set to be finalised in the morning of Jan, 30,
U.S. Eastern time, according to the source.

    ($1 = 147.2700 yen) 

 (Reporting by Anton Bridge; Editing by Tom Hogue)
 ((Anton.Bridge@thomsonreuters.com;))