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Sekisui House to issue ¥100B of bonds

Sekisui House SI Residential Investment Corp. is planning to issue ¥100 billion of investment corporation bonds, starting Feb. 15 and ending on Feb. 14, 2018.

The issuance of the unsecured and unguaranteed notes has been approved by the company's board. Sekisui Executive Director Osamu Minami will ultimately decide whether or not to issue the bonds and its conditions, among other items.

Sekisui House intends to use the proceeds from the planned offering to fund acquisition of assets, repayment of borrowings, redemption of investment corporation bonds, refund of lease and guarantee deposits, payments for repair costs and for working capital.

As of Jan. 31, US$1 was equivalent to ¥112.39.