-- Rakuten Group Inc. boosted a junk bond sale to $2 billion as the debt-laden Japanese company attracted investors with a yield that’s significantly higher than similarly rated debt.The conglomerate priced the five-year notes to yield 9.875%, according to information from a person familiar with the matter. That’s about three percentage points more than comparable bonds.
A spokesperson for Tokyo-based Rakuten declined to comment on the specific terms or the purpose of the bond issue. The yield on the latest offering is still lower than the 12.125% offered by Rakuten to sell $1.8 billion of notes in January — a record for a listed Japanese firm issuing dollar bonds.Trump Sues Truth Social Company Co-Founders to Zero Them Out
Source: News Formal (newsformal.com)
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