Rakuten Group, Inc. announced that it has determined issuance conditions for USD-denominated senior notes due in 2027 in overseas markets outside Japan, as follows:
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1. Issuer |
Rakuten Group, Inc. |
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2. Type |
USD-denominated senior notes due in 2027 |
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3. Principal amount |
USD 1,800 million |
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4. Offering price |
97.830% of principal amount |
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5. Interest rate |
11.250% per year |
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6. Coupon rate after currency swap* |
7.21457% per year |
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7. Maturity date |
February 15, 2027 |
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8. Subordination |
In the event of liquidation of the issuer, the notes shall rank pari passu with unsecured and unsubordinated debts and take priority over stock and subordinated debts. |
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9. Offering |
The notes will be offered in overseas markets, centered on the United States, Europe, and Asia. |
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10. Listing |
The notes will be listed on the Singapore Exchange Securities Trading Limited. |
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11. Closing date |
February 6, 2024 |
*Weighted average of coupon rates of multiple currency swaps entered into by Rakuten Group, Inc.
End