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Suzuki Motor grosses ¥102.50 billion from debt offering

Suzuki Motor Corp. raised gross proceeds of ¥102.50 billion from an offering of zero coupon unsubordinated unsecured bonds due March 31, 2023.

The company plans to use the proceeds for general corporate purposes or working capital, product development or research and development, and redemption or repayment of debt securities.

Mizuho International PLC, Nomura International PLC and SMBC Nikko Capital Markets Ltd. were the lead underwriters.

As of April 1, US$1 was equivalent to ¥112.39.