Japan Prime Realty Investment Corp. is launching a public offering of ¥3 billion in 0.550% investment corporation bonds to raise about ¥2.97 billion to redeem ¥5.00 billion of investment corporation bonds.
The payment date for the new bonds is scheduled for May 31, the same date as the execution of the planned redemption. The subscription period for the unsecured, unguaranteed bonds will run May 25-31.
Mizuho Securities Co. Ltd. and SMBC Nikko Securities Inc. are the underwriters of the public offering.
As of May 24, US$1 was equivalent to ¥109.21.
