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Kao launches ¥25B unsecured straight bonds

Japanese consumer and chemical products seller Kao Corp. on June 12 priced unsecured straight bonds for a total issuance of ¥25 billion for a term of five years, according to a company release.

The offering price of the single bond is ¥100 with an annual interest rate of 0.08%.

The proceeds from the offering will be used for repayment of debt and for capital investment.

As of June 11, US$1 was equivalent to ¥100.90.