Hulic sets terms for JPY60bn hybrid bond issue

Hulic Corporation (TSE:3003) announced the finalized terms for its ¥60 billion public offering of hybrid bonds (subordinated bonds) today. The bonds, bearing a coupon rate of 2.102% until March 6, 2030, are scheduled for payment on March 6, 2025, with a maturity date of March 6, 2060. Interest payments are scheduled semi-annually. Hulic retains the option to defer interest payments and redeem the bonds early starting March 6, 2030. The bonds are rated "A" by the Japan Credit Rating Agency. Mizuho Securities is the lead manager, with Daiwa Securities, Nomura Securities, SMBC Nikko Securities, and Mitsubishi UFJ Morgan Stanley Securities acting as joint lead managers.