TOKYO - Japan's SoftBank Corp's bond-type shares were listed on the Tokyo Stock Exchange on Thursday in the first such listing in Japan, raising a total of 120 billion yen on strong retail and institutional investor demand.SoftBank CEO Junichi Miyakawa said that the money would be used to fund its medium-term plans, including building out "next generation social infrastructure".
Although classed as equity in accounting terms, the shares offer a set dividend of 2.5% and can be redeemed by SoftBank after a period of five years. As the shares are publicly listed, they can be purchased through the tax-efficient Nippon Individual Savings Account , unlike corporate bonds."This product has played a role in promoting the transition from savings to investment in the context of rising interest rates and the diminishing appeal of traditional bank deposits," the joint bookrunners said.
Western companies exiting Russia must sell assets in rubles or else face delays and perhaps losses to transfer dollars or euros abroad.Blue-chip stocks are some of the best options on the market, but these three are where you could see a secure turnaround. The post Canadian Blue-Chip Stocks: The Best of the Best for November 2023 appeared first on The Motley Fool Canada.These three high-yielding dividend stocks could boost your passive income in this volatile environment.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: SooToday - 🏆 8. / 85 Read more »
Source: SaltWire Network - 🏆 45. / 63 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: globeandmail - 🏆 5. / 92 Read more »
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Source: YahooFinanceCA - 🏆 47. / 63 Read more »