Skylark Holdings to issue JPY9.3bn in unsecured bonds

Skylark Holdings (TSE:3197) announced today the issuance of JPY9.3 billion in unsecured corporate bonds, the "2nd Skylark Holdings Unsecured Straight Corporate Bond," due April 16, 2030. The offering will be priced at 100% of the denomination per bond, with interest payable semi-annually on April 16 and October 16, at a rate of 1.562% per annum. The purpose of this bond issuance is to refinance existing loans. Mitsubishi UFJ Morgan Stanley Securities Co., Mizuho Securities Co., Nomura Securities Co., and SMBC Nikko Securities Inc. are acting as underwriters. MUFG Bank, Ltd. serves as the fiscal agent. The bonds have been rated A- by the Japan Credit Rating Agency. The company aims to continue to enhance financial stability by diversifying financing methods.