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Kao Launches Unsecured Straight Bonds

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Kao announces price of bonds.

Kao Corporation announced its unsecured straight bond pricing after the board of directors meeting held on August 26, 2020.

Related: Kao Fights For Diversity with The Valuable 500, Wins Sustainability Award 

Proceeds from the offering will go toward working capital, including restoration of cash on hand reduced by redemption of corporate bonds and capital investment for sustainable growth. 

Summary of the issuance are: 

  • Total amount of issuance: 25 billion yen
  • Maturity: 5 years
  • Offering price: ¥100 per amount of ¥100 of each bond
  • Interest rate: .130% per year
  • Date of issuance: September 18, 2020
  • Redemption Date: September 19, 2020