The Gunma Bank (8334) · InitiativeAchieved
¥10 billion financing through subordinated unsecured bonds
First written in FY2017-Q2. 1 of 2 entries say "Achieved", first in FY2017. Latest entry: FY2017.
2entries
2years
0from disclosures
How it moved
Same theme, other companies
Hybrid Capital Raising through Subordinated BondsA theme 21 companies write about · 0 as a headwind · 25 as a tailwind
2 other companies' latest entry also says "Achieved".
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Showing 14 of the 21 companies compared. The sentences above are computed from all 21.Full recordFilings, disclosures and news, newest first
- FY2017AchievedAnnual report
「Proceeds from the issuance of subordinated bonds」
The ¥10 billion in subordinated bonds planned and issued in the previous filing was recorded at period-end as outstanding corporate bonds and proceeds from financing activities. - FY2017-Q2First statedAnnual report
「At a meeting of the Board of Directors held on 28 September 2016, the company resolved to issue unsecured corporate bonds, and payment was completed on 28 October 2016. Total issue amount: ¥10 billion. ① First 5 years (through 28 October 2021): 0.40% per annum; ② Subsequent 5 years: six-month euro-yen LIBOR + 0.44%. Maturity date: 28 October 2026. Use of proceeds: general working capital.」
The company issued unsecured subordinated bonds with a loss-absorption provision upon a substantial failure and a subordination provision, raising ¥10 billion for general working capital.