Refinancing Subordinated Debt and the Deadline for Its Recognition as Regulatory Capital
First written in FY2017. 1 of 4 entries say "Restated". Latest entry: FY2019-Q2.
0 other companies' latest entry also says "Mitigated".
- FY2019-Q2MitigatedAnnual report
「Bonds with a subordinated covenant ¥10,000 million —」
The bonds with a subordinated covenant, which totaled ¥10,000 million at the end of the previous fiscal year, fell to zero at the end of the current interim period. The 2nd series of subordinated bonds was fully redeemed before maturity, reducing the risk relating to the deadline for their inclusion in capital. - FY2019-Q1Resolution to redeem subordinated bonds before maturityAnnual report
「At a meeting of the Board of Directors held on 27 June 2018, we resolved to redeem in full on 4 September 2018 the 2nd series of unsecured bonds with a subordinated covenant and an early redemption clause, issued on 4 September 2013.」
It is stated that a resolution was passed to redeem in full on 4 September 2018 the 2nd series of subordinated bonds totaling ¥10,000 million, with all redemption funds to be provided from internal funds. - FY2018RestatedAnnual report
「If, when the deadline for including subordinated debt in capital arrives, we are unable to raise capital that can be included in the amount of capital, this may affect our capital adequacy ratio.」
The risks relating to the deadline for including subordinated debt in capital and alternative capital raising are reiterated. - FY2017First statedAnnual report
「If, when the deadline for including subordinated debt in capital arrives, we are unable to raise capital that can be included in the amount of capital, this may affect our capital adequacy ratio.」
The deadline for including subordinated debt in capital and the potential impact on the capital adequacy ratio if alternative capital cannot be raised when the deadline arrives are disclosed.