TOKYO -- Online mall operator Rakuten will issue 100 billion yen ($880 million) in straight bonds to pay down debt and redeem maturing bonds.
The company's third bond issuance will be its largest by value and first since June 2016. The bonds will be sold only to institutional investors, and will come with four terms to maturity -- three, five, seven and 10 years. Coupon rates and other details have not yet been hammered out. Payment will be accepted as early as this month.
