TOKYO -- Starbucks will issue its first yen-denominated bonds by the end of the month, possibly raising over 50 billion yen ($436 million) to be used exclusively for the coffee company's projects on environmental sustainability and social development.
The bonds, to be underwritten by Morgan Stanley and Mitsubishi UFJ Financial Group, will be sold mainly to institutional investors in Japan. The coupon rate and other details still need to be ironed out.
