Source disclosure: February 12, 2026
TOKAI CARBON CO.,LTD. [5301.T]
TOKYO, Feb 12 (Pulse News Wire) – Tokai Carbon CO.,LTD. (5301.T) announced plans to prepay its subordinated loan due on December 30, 2026, and issue new hybrid bonds through a public offering.
The initial repayment of the loan, totaling ¥148.9 billion, will occur. The company expects to secure capital treatment recognition from rating agencies for the new issuance. The hybrid bonds, which combine characteristics of debt and equity, offer features such as interest deferral and long-term repayment schedules without diluting shareholdings. TOKAI CARBON anticipates receiving capital status approval from credit rating firms for the bond issuance amounting to up to ¥148.9 billion.
The company intends to finalize the issuance conditions based on market demand and interest rate trends after March this year. Nomura Securities Co., Ltd. will act as the lead manager, while SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., and Mizuho Securities Co., Ltd. will serve as joint managers for the bond issuance.
Details will be promptly disclosed upon determination.
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