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FINWIRES

Premium Group Sets 2.536% Coupon on 2 Billion Yen Retail Bonds

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Premium Group (TYO:7199) has fixed an annual interest rate of 2.536% for its first corporate bonds for individual investors, according to a Tokyo bourse filing on Friday.

The 2 billion yen second series of unsecured straight bonds has a three-year maturity until Aug. 3, 2029.

The bonds will be offered at par (100 yen per 100 yen face value), with a subscription period from July 21 to July 31 and payment on Aug 3. Proceeds will be used for investments and loans to Premium Co.

The issuance, rated A- by JCR and lead-managed by SBI Securities and four other firms.

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