Rakuten to issue $1.8bn in bonds to shore up mobile business - Nikkei Asia

TOKYO -- Rakuten Group is preparing to contented 250 cardinal yen ($1.87 billion) successful bonds, Nikkei learned connected Friday, the largest one-time issuance successful Japanese e-commerce company's history as it struggles to flooded mounting costs successful its mobile telephone business.

The two-year bonds, with a maturity day of Feb. 10, 2025, volition transportation a coupon complaint successful the scope of 2% to 4%. The bonds are scheduled to person an A-rating from the Japan Credit Rating Agency connected Jan. 27, erstwhile the institution volition besides finalize the presumption of the issuance.