Japan Post Bank sets share offering price at JPY1,444

Japan Post Bank (TSE: 7182) announced today the finalized terms for its previously announced share offering. The offering consists of 356,497,400 shares for both domestic and international markets. The offering price has been set at ¥1,444 per share, resulting in a total offering value of ¥514,782,245,600. The underwriting price for domestic shares is ¥1,433.30, and ¥1,436.10 for international shares. The subscription period for the domestic offering will run from March 11 to March 12, 2025, with the delivery date scheduled for March 17, 2025. In addition to the primary offering, an over-allotment option of 53,474,500 shares is available, priced at ¥1,444 per share, potentially adding ¥77,217,178,000 to the total capital raised. A greenshoe option is available between March 17 to March 27, 2025.