Keikyu issues JPY 25bn in unsecured bonds

Keikyu Corporation announced the issuance of its 49th and 50th series of unsecured bonds, with limited pari passu clauses. The 49th series totals JPY 15 billion, offering a 1.213% interest rate, and matures on April 10, 2030, after a 5-year term. The 50th series totals JPY 10 billion, providing a 1.721% interest rate, and matures on April 10, 2035, after a 10-year term. Both series are priced at JPY 100 per JPY 100 face value. The payment date for the 49th series is April 4, 2025, and April 10, 2025, for the 50th series, with interest payments scheduled semi-annually on April 10th and October 10th, beginning October 10, 2025. The lead managers for both issuances include Nomura Securities, Mizuho Securities, and Mitsubishi UFJ Morgan Stanley Securities. Mizuho Bank acts as the fiscal and paying agent, while the bonds are rated A+ by Japan Credit Rating Agency.