Reported 3 days ago
Rakuten Group Inc. plans to raise $500 million through a bond sale, marking its third attempt in the dollar bond market this year amid favorable funding conditions. The Japanese firm is considering hybrid perpetual notes, callable after five years, which comes as it deals with its 17th consecutive quarterly net loss. Rakuten aims to utilize the raised funds to address maturing domestic subordinated bonds while facing challenges related to investor confidence and high debt levels.
Source: YAHOO