JAPAN: Ajinomoto raises US$327m in bond sale

By: just-food.com | 10 September 2008

Ajinomoto Co. has raised JPY35bn (US$327m) through the sale of 15bn six-year bonds priced to yield 1.371% and 20bn 12-year bonds priced to yield 1.896%.

According to a statement, Japan's largest food group will use the proceeds from the 12-year bond sale to refinance a bond that matures later this month, while the proceeds of the six-year bond sale will be used to retire outstanding commercial paper.

Ajinomoto registered with the Ministry of Finance in January to sell as much as JPY70bn of corporate bonds by early 2010.

This is the group's first corporate bond sale since May 2003, when it sold JPY50bn of bonds.

Sectors: Bakery, Commodities & ingredients, Snacks

Companies: Ajinomoto

View next/previous articles

Currently reading -

JAPAN: Ajinomoto raises US$327m in bond sale

There are currently no comments on this article

Be the first to comment on this article

Related articles

JAPAN: Ajinomoto unveils strategy to 2010

Ajinomoto unveiled its international strategy to 2010 at a news conference held in Tokyo to mark the company's 100th anniversary.

THAILAND: Ajinomoto, Itoham to establish Thai JV

Japanese food majors Ajinomoto Co. and Itoham Foods have agreed to set up a venture to establish operations in Thailand.

JAPAN: Ajinomoto looks to expand - report

Japanese seasoning company Ajinomoto said it will look at merger and acquisition possibilities in the food industry in a bid to expand, according to reports.

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page