Asia
Premium Group Sets Terms for First Bond Issuance, Launches Retail Bonds
Premium Group (TYO:7199) has finalized terms for its first domestic public bond offering totaling 6.5 billion yen for institutional investors, while also planning a 2 billion yen retail-focused bond.The newly launched retail bonds, coined 'car premium bonds', were designed to diversify funding channels and reduce reliance on bank borrowings, according to a Tokyo bourse filing on Monday.The institutional bonds carry a 2.536% coupon with a July 16 payment date, while the retail bonds will offer 2.25% to 2.85% interest, with subscription running from July 21 to 31 and payment date on Aug. 3.
TYO:7199
