DyDo Group Holdings to issue unsecured straight bonds

Dydo Group Holdings, Inc. (TSE:2590) announced plans to issue its fourth series of unsecured straight bonds with a limited pari passu clause. The total issue amount will be JPY 5.0 billion, with each bond having a face value of JPY 100 million. The bonds, subject to the “Act on Book-Entry Transfer of Corporate Bonds, Shares, etc.,” will carry an interest rate of 1.614% per annum, payable semi-annually on January 15 and July 15. Issued at JPY 100 per JPY 100 face value, the bonds will mature on July 12, 2030, after a five-year term. Early redemption may be conducted. The offering is public, and the bonds are unsecured and unguaranteed. Underwriters include Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd., and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Resona Bank, Limited will act as the fiscal agent, issuing agent, and paying agent, while the Japan Securities Depository Center, Inc. will handle book-entry transfers. The bonds are rated A- by Japan Credit Rating Agency, Ltd. Proceeds will be used for the redemption of existing bonds.