Tokai Carbon Co (JP:5301) has released an update.
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Tokai Carbon Co., Ltd. has finalized the issuance terms for its third subordinated hybrid bonds, aiming to raise 25 billion yen with an initial interest rate of 2.118% annually. The bonds will be due for payment in 2059, with the option for premature redemption starting in 2029 under certain conditions. The offering, rated BBB+ and A- by credit agencies, will be managed by Nomura Securities and SMBC Nikko Securities, and is intended for investors in Japan.
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