January 31, 2024
  • RAKUTEN GROUP, INC.

Announcement Regarding Determination of Issuance Conditions for USD-Denominated Senior Notes


  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:

1.     Issuer

Rakuten Group, Inc.

2.     Type

USD-denominated senior notes due in 2027

3.     Principal amount

USD 1,800 million

4.     Offering price

97.830% of principal amount

5.     Interest rate

11.250% per year

6.     Coupon rate after currency swap*

7.21457% per year

7.     Maturity date

February 15, 2027

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.

9.     Offering

The notes will be offered in overseas markets, centered on the United States, Europe, and Asia.
(However, in the United States, sales will be limited to qualified institutional investors in accordance with Rule 144A under the United States Securities Act of 1933.)

10.  Listing

The notes will be listed on the Singapore Exchange Securities Trading Limited.

11.  Closing date

February 6, 2024

*Weighted average of coupon rates of multiple currency swaps entered into by Rakuten Group, Inc.

End

 

Note: This press release was not created for the purpose of soliciting investment or similar acts in any jurisdiction. In addition, this press release does not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration thereunder or an applicable exemption from registration requirements.

*Please note that the information contained in press releases is current as of the date of release.

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