Mizuho Leasing (TYO:8425) plans to issue two series of unsecured straight corporate bonds totalling 30 billion yen, according to its Tokyo bourse filing on Thursday.
The 32nd series totals 20 billion yen with a 1.812% annual interest rate and a five-year maturity, while the 33rd series amounts to 10 billion yen at 2.140% interest over a seven-year term.
Both bonds will be issued at 100% of face value and redeemable at maturity on Dec. 10, 2030, and Dec. 10, 2032, respectively.
Interest will be paid biannually, each June and December.
The bonds are publicly offered in Japan, carry an AA- credit rating, and
no collateral is provided to secure the bonds.
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