On the 23rd, terms were set for Mizuho Leasing's 5-year bonds, with an issue amount of ¥17 billion, a coupon of 2.795% and a launch spread of 59bp over Japanese government bonds. Final demand reached approximately ¥18 billion, marking the company's first appearance in the market since its 3-year and 5-year bonds in July.
Terms were set on the 23rd for Mizuho Leasing's 5-year bonds. The issue number is 38, the tenor is 5 years, the issue amount is ¥17 billion, the coupon is 2.795%, the issue price is 100, the launch spread is 59bp over Japanese government bonds, the maturity date of the reference Japanese government bond is 20 September 2031, and the maturity date is 29 October 2031. The bonds are rated AA- by R&I and JCR.
Demand was solid, leading the issue to be increased from approximately ¥10 billion at launch to approximately ¥15 billion and then to ¥17 billion, ultimately attracting approximately ¥18 billion in demand. Mizuho Leasing's appearance in the market was its first since its 3-year and 5-year bonds in July.