NEC Capital Solutions Eyes 10 Billion Yen in Maiden Bond Issuance for Individual Investors

MT Newswires Live05-19

NEC Capital Solutions (TYO:8793) has offered its first-ever bonds to individual investors to raise 10 billion yen, according to a Tokyo bourse filing on Tuesday.

The four-year bonds will have a denomination of 100,000 yen per unit, with an issue and redemption price set at 100 yen per 100 yen face value.

The planned annual interest rate ranges between 2.05% and 2.65%, with interest payments scheduled every June 8 and Dec. 8.

The public offering will run from May 25 to June 5, with a payment date of June 8. The bonds will mature on June 7, 2030.

The bonds are unsecured and carry expected credit ratings of A from Japan Credit Rating Agency and A- from Rating & Investment Information.

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