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Seven Bank to issue ¥30B of bonds

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Seven Bank to issue ¥30B of bonds

Seven Bank Ltd. plans to issue ¥30 billion of unsecured straight corporate bonds.

The bonds were priced at par with a coupon rate of 0.390% per year. They will mature Sept. 17, 2027.

The offering will close on Oct. 20.

Nomura Securities Co. Ltd., SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. and Daiwa Securities Co., Ltd. will serve as underwriters for the issuance.

As of Oct. 13, US$1 was equivalent to ¥111.94.