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GMO Internet Group Fixes Terms for 25 Billion Yen in Multi-Tranche Corporate Bond Issuance

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GMO internet group (TYO:9449) has decided on the terms for its 12th, 13th, and 14th series of unsecured straight corporate bonds, totaling 25 billion yen, according to a Tokyo bourse filing on Friday.

The three tranches consist of a 10 billion yen 3-year bond with a 2.436% coupon, a 10 billion yen 5-year bond with a 3.132% coupon, and a 5 billion yen 7-year bond with a 3.842% coupon.

All bonds have a denomination of 100 million yen, an issue price of 100% of par, and a closing date of June 4.

Proceeds will be used for bond redemption, with Daiwa Securities serving as lead manager for two tranches alongside a syndicate of major securities firms. The bonds carry an A- rating from Japan Credit Rating Agency.

Coupon payments will occur semi-annually on June 4 and December 4.

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