Rakuten to redeem remaining 2.35% subordinated bonds at par

By Mary-Katherine Stinson

Lexington, Ky., Oct. 20 – Tokyo-based Rakuten Group, Inc. will redeem the remaining outstanding ¥68 billion of its ¥140 billion 2.35% first unsecured subordinated bonds with optional interest payment deferral and early redemption provisions, according to a notice.

The bonds will be redeemed on the first optional redemption date of Dec. 13 at a par of ¥100 per bond.

The bonds were issued on Dec. 13, 2018 and have a maturity date of Dec. 13, 2053.

Rakuten is an e-commerce and online retail services provider.

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