Rakuten Group (TYO:4755) will redeem 16.8 billion yen worth of subordinated bonds ahead of schedule on Nov. 4, the company said in a Thursday filing on the Tokyo Stock Exchange.
The notes, originally issued in November 2020 with a 35-year maturity, carried an annual interest rate of 1.8% and included provisions for early redemption and interest deferral. The original issue size was 50 billion yen.
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