TOKYO, Mar 24 (Pulse News Wire) – Kaihan CO.,LTD. (3133.T) confirmed the completion of the issuance of its third unsecured corporate bonds totaling ¥500 million, in accordance with the issuance conditions set forth.
The total amount paid in was ¥500 million by March 23, 2026. The bonds, named Kaihan CO.,LTD.'s Third Unsecured Corporate Bonds, have a total face value of ¥500 million. Each bond carries a face value of ¥12.5 million. Payment for the bonds was completed , with maturity due on July 12, 2027.
Notably, these bonds carry no interest payments. Details of the issuance can be found in the press release dated February 20, 2026, titled “Third Party Allocation Exercise of Ninth Tranche Subscription Rights, Second and Third Unsecured Corporate Bonds (Private Placement).” Regarding repayment methods, bondholders can request early redemption five business days prior to the redemption date. Additionally, if the closing price of Kaihan's ordinary shares falls below the defined benchmark amount since February 26, 2026, bondholders can also request early redemption. The benchmark amount is set at ¥183.
However, adjustments will be made if there are changes in the number of outstanding ordinary shares due to certain events such as share splits or mergers.
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