Fujifilm Holdings Corp. will seek to raise 130 billion yen (US$1.585 billion) in January 2013 through the first issuance of straight bonds in a bid to secure long-term funds at low interest rates.
The company issued 60 billion yen (US$732 million) in five-year bonds, 30 billion yen (US$366 million) in seven- year bonds and 40 billion yen (US$488 million) in 10-year bonds in December 2012. Due to the AA rating from Rating and Investment Information Inc., the firm will be able to procure funds at a low coupon rate of 0.33% for the five- year bonds, and 0.515% and 0.882% for the seven- and 10-year tranches. The proceeds will be used mainly to redeem about 100 billion yen (US$1.22 billion) in convertible bonds maturing at the end of March 2013.
