TOKYO, Apr 28 (Pulse News Wire) – Akatsuki Corp. (8737.T) announced today the issuance of its 57th unsecured corporate bond.
The total amount of the bond issue is ¥1 billion, with each bond valued at ¥10 million. The annual interest rate is 1.2%, payable on November 20, 2026, and May 21, 2027. The bonds mature on May 21, 2027, and will be redeemed in full upon maturity. The subscription period for the bonds runs from April 30, 2026, to May 21, 2026, with payments due on May 22, 2026. The bonds will be offered through domestic public offerings without collateral or guarantees.
Additionally, there are no assets specifically reserved for securing the bonds. The bonds come with a maintenance covenant requiring the company to maintain certain levels of net assets. The trustee and registrar for the bonds is Akatsuki Securities Co., Ltd., while the manager is Horagakasu Trust Co., Ltd. Transfer of the bonds requires approval from the board of directors. Funds raised from this issuance will be used to repay the previously issued 50th unsecured corporate bonds of Akatsuki Corp.
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