Details of issuance or disposal
Issue of publicly offered hybrid bonds (subordinated bonds)
Amount to be raised through these bonds: approximately ¥250 billion (assumed); total amount to be raised through these bonds and hybrid loans: ¥350 billion (planned); estimated net proceeds: Not disclosed
No dilution of shares will occur
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issue of publicly offered hybrid bonds (subordinated bonds) |
| Amount of funds to be raised | Amount to be raised through these bonds: approximately ¥250 billion (assumed); total amount to be raised through these bonds and hybrid loans: ¥350 billion (planned); estimated net proceeds: Not disclosed |
| Specific use of funds | Details Part of the funds for repaying borrowings raised for the acquisition / Amount Not disclosed / Scheduled timing of expenditures Not disclosed |
| Intended allottee | No specific prospective allottee, as this is a public offering |
| Dilution Rate | No dilution of shares will occur |
| Underwriter / lead underwriter | Daiwa Securities Co. Ltd. (administrative lead manager), SMBC Nikko Securities Inc. (joint lead manager), Nomura Securities Co., Ltd. (joint lead manager), Mizuho Securities Co., Ltd. (joint lead manager) |
Items this document does not state (22)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To partially fund the repayment of borrowings raised to acquire Tri Pointe Homes in the United States. The total amount to be raised, including through hybrid loans, is expected to be ¥350 billion.