Business / Corporate Jul 7, 2023
Rakuten’s ¥1.8 trillion debt fuels concern despite funding
The e-commerce giant has racked up four years of losses as its mobile-phone business drains cash.
Business / Corporate May 29, 2023
MUFG raises ¥570 billion in biggest bond deal this year with bumper coupon
The lender's coupon of 2.127% on the perpetual noncallable 10-year and one-month Additional Tier 1 bonds is the highest on such notes for the bank since 2015.
Business / Economy Mar 16, 2023
Japanese firms turn to loans for longer-term funding amid BOJ risks
Anecdotal evidence suggests Japanese loan rates are now more favorable than the cost of selling long-tenor bonds for capital investment and refinancing needs.
Business / Corporate Dec 22, 2022
E-commerce giant Rakuten cut further into junk territory by S&P
The group's long-term rating was lowered to BB from BB+ because of "slow improvement in its mobile business," the ratings firm said.
Business / Financial Markets Dec 20, 2022
Overseas credit attracts Japanese investors weary of low yields
The renewed interest comes after crippling losses on fixed income globally coupled with a surge in the cost of currency protection had Japanese investors offloading overseas debt in 2022.
Business / Corporate Nov 16, 2022
Rakuten seeks $500 million in rare Japanese junk bond deal
The bond offering is gaining attention given the fledgling junk debt market in Japan, where weaker firms aren’t compelled to sell speculative-grade notes due to easy access to bank loans.
Business / Corporate Oct 3, 2022
SMBC Nikko’s issues let small firms grab credit market share
Tokai Tokyo Securities and Shinkin Securities moved up in the league tables in the first half of the financial year that started April, surpassing SMBC Nikko, data shows.
Business / Corporate Sep 30, 2022
Maruha Nichiro plans to issue Japan’s first blue bond to help ocean
The firm tapped Mizuho Securities and Mitsubishi UFJ Morgan Stanley Securities to manage the ¥5 billion ($35 million) offering of five-year notes.
Business Jul 4, 2022
Traders face showdown with Kuroda as BOJ policy rips every asset
Selling the yen remains one of the hottest macro trades after BOJ Gov. Haruhiko Kuroda rammed home the message at the last policy meeting in June that it’s too early to cut back on stimulus.
Business Jun 15, 2022
Japanese firm to tackle dearth of female managers with novel bond
Mitsubishi Estate Co., a developer of office buildings and luxury condos, aims to raise the proportion of its female managers to 40% in fiscal 2050, up from just 5.8% in fiscal 2020.