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Advance Residence to issue up to ¥20B of bonds, files ¥100B shelf

Advance Residence Investment Corp. submitted a shelf registration statement for bonds worth ¥100 billion to Kanto Local Finance Bureau Aug. 3.

The issuance will be undertaken between Aug. 11 and Aug. 10, 2019, for use in the acquisition of assets, repayment of loans and redemption of bonds, among other purposes.

Meanwhile, on July 26, the company's board resolved to issue up to ¥20 billion of domestic, unsecured investment corporation bonds for the same purposes.

The bonds may be issued in several tranches in the period commencing from Aug. 11 to Aug. 10, 2018.

As of Aug. 2, US$1 was equivalent to ¥110.48.