Japan Excellent, Inc. (JP:8987) has released an update.
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Japan Excellent, Inc. has announced the issuance of its 21st Series Unsecured Investment Corporation Bonds, also known as the 4th JEI Green Bonds, totaling JPY 4.8 billion with a 1.740% interest rate per annum, to be offered publicly and redeemed in 2034. The funds raised will be used to facilitate early repayment of short-term borrowings, extending the maturity of existing debt and aligning with the company’s ESG goals of financing environmentally and socially considerate properties.
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