Sotetsu Holdings (TYO:9003) has set the terms for its 47th series of unsecured bonds, totaling 10 billion yen, according to a Friday filing with the Tokyo bourse.
These bonds, to be issued and redeemed at par, will bear an annual interest rate of 3.224% with maturity due on July 24, 2036. The interest will be payable semiannually on Jan. 24 and July 24.
The public offering's application period started the same day, with the payment date set for July 24.