ひろぎんホールディングス will issue ¥20 billion in senior bonds, comprising 3-year and 5-year tranches. The company aims to capture ship-financing demand as it expands lending.
ひろぎんHD plans to issue senior bonds totaling ¥20 billion and reportedly began soliciting subscriptions from institutional investors on the 31st.
The offering comprises 3-year and 5-year bonds, with ¥10 billion planned for issuance in each tranche. The interest rate is 2.515% for the 3-year bonds and 2.850% for the 5-year bonds, representing spreads of 0.55% and 0.64%, respectively, over government bond yields.
The proceeds will be used to expand lending, with the company reportedly aiming to capture demand amid intensifying competition to attract deposits.
Much of the article is for members only, and attention is expected to focus on whether future updates disclose detailed terms and covenants.