Asahi Group to issue JPY 50bn in bonds

Asahi Group Holdings (TSE: 2502) announced today the terms for issuing two series of unsecured straight bonds, totaling JPY 50 billion. The first series, the 27th Unsecured Straight Bond (with inter-bond limited pari passu clause for specified bonds), will amount to JPY 40 billion with an interest rate of 1.329% per annum. It will mature on May 2, 2030, and is rated AA- by Japan Credit Rating Agency (JCR) and A+ by Rating and Investment Information, Inc. (R&I). The second series, the 28th Unsecured Straight Bond (with inter-bond limited pari passu clause for specified bonds), will total JPY 10 billion with an interest rate of 1.928% per annum, maturing on May 2, 2035. The bonds share the same credit ratings as the first series. Both issuances are scheduled for May 2, 2025, with proceeds earmarked to refinance a portion of its EUR-denominated straight bonds due September 19, 2025.