PPIH launches digital corporate bond to empower young investors

Pan Pacific International Holdings Corporation (TSE: 7532) announced the issuance of its first security token bond, or "Digital Bond," exclusively for UCS Card holders linked to its "majica" electronic money service. Applications will be accepted starting June 13. With a total issuance of approximately JPY100 million, the Digital Bond represents a novel approach to corporate financing, leveraging blockchain technology to offer the bond directly to individual investors with a minimum investment of JPY10,000 per unit. The company aims to use the funds to support youth empowerment programs within Japan, reflecting its commitment to supporting younger generations. The bond has a term of 1 year and an interest rate of 1% per annum (0.3% in cash and 0.7% in majica points). Moreover, bondholders aged 24 and under will receive additional majica points, ranging from 500 to 2,500 depending on the investment amount. A portion of the interest payable will be distributed as majica points, redeemable at participating retail locations nationwide. SMBC Nikko Securities Inc. is serving as the financial advisor for the offering.