By Reuters | Updated: 31 January, 2024
TOKYO, Jan 31 (Reuters) – Japanese e-commerce conglomerate Rakuten Group (4755.T), opens new tab said on Wednesday that it will issue $1.8 billion of U.S. dollar-denominated 3-year senior notes at an interest rate of 11.25%.
The fundraising will allow Rakuten to fully buy back its 10.25% senior notes and 3.546% senior notes due in 2024, which have a combined principal outstanding of $1.75 billion.
Rakuten announced tender offers to buy back the notes last Friday with a combined cap of $1 billion, but the company said on Tuesday it was “extending the offers to any and all outstanding notes of either series”.
© Thomson Reuters 2024
