Idemitsu Kosan Announces Public Offering Of 0.2% Unsecured Straight Bonds, Due 2022, For US$89.9 Million

Published: Nov 29 2017
Deal Summary

Idemitsu Kosan Co.,Ltd, a petrochemical and downstream energy company, agreed to issue 0.2% 5th series unsecured straight bonds, due December 5, 2022, for gross proceeds of JPY10,000 million (MM) (US$89.9 MM), in a public offering. The bonds will be issued at 100% of the principal amount. Interest on bonds is payable on June 5 and December 5 of each year.

SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Daiwa Securities Co., Ltd. and Mizuho Securities Co., Ltd. are acting as underwriters to the company for the offering.

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