TOKYO, Mar 24 (Pulse News Wire) – Akatsuki Corp. (8737.T) announced today that it has decided to issue its 56th unsecured corporate bond.
Key details of the issuance are as follows: - Bond name: Akatsuki Corp. 56th Unsecured Corporate Bond - Total amount raised: ¥1 billion - Individual bond amount: ¥100 million - Interest rate: 0.5% - Payment amount per bond: ¥100 million - Repayment amount per bond: ¥100 million - Term: One year - Repayment deadline: April 23, 2027 - Repayment method: Full repayment upon maturity - Interest payment dates: October 23, 2026, and April 23, 2027 - Subscription period: From March 25, 2026, to April 23, 2026 - Payment date: April 24, 2026 - Issuance method: General public offering within Japan No collateral or guarantees are attached to these bonds, and there are no assets specifically reserved for their repayment. Financial covenants include a maintenance of net assets clause.
The bond trustee and registrar is Akatsuki Securities Co., Ltd., while the bond manager is based in First Shintaku Kabushiki Kaisha. Subscriptions for the bonds can be made through Akatsuki Securities' head office and branches during the subscription period. Transfer of the bonds requires approval from the board of directors.
Proceeds from this issuance will be used to repay the funds from the previous 49th unsecured corporate bond issuance.
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