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Mizuho Leasing to issue ¥25B of bonds

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Mizuho Leasing to issue ¥25B of bonds

Mizuho Leasing Co. Ltd. plans to issue ¥25 billion of unsecured straight bonds in two tranches.

The company will issue ¥10 billion of three-year bonds with a coupon of 0.03% per year and ¥15 billion of 10-year bonds with a coupon of 0.3% per year, according to an Oct. 11 release.

Mizuho Securities Co. Ltd., Daiwa Securities Group Inc., Okasan Securities Group Inc. and Shinkin Securities Co. Ltd. are underwriters for the issuance.

Mizuho Leasing is an equity-method affiliate of Mizuho Financial Group Inc.

As of Oct. 11, US$1 was worth ¥108.55.