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Shiseido to Raise 13 Billion Yen via Five-Year Unsecured Bond Issuance

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Shiseido (TYO:4911) said it will raise 13 billion yen through a public offering of five-year unsecured bonds carrying a 2.480% annual coupon, according to a Friday filing on the Tokyo Stock Exchange.

The Japan-based cosmetic manufacturer said that the bonds will be issued at par, with a face value of 100 million yen each and a redemption price of 100 yen per 100 yen of face value.

The interest will be paid on Jan. 2 and July 2, while redemption is scheduled for July 2, 2031, and the proceeds will be used to repay debt.

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