Rakuten to redeem ¥19.2 bn subordinated bonds early

Rakuten Group, Inc. has confirmed the early redemption of its outstanding ¥19.2 billion "Rakuten, Inc. 2nd unsecured subordinated bonds with optional interest payment deferral and early redemption provisions," originally issued on December 13, 2018. The redemption will occur on December 13, 2025, which marks the first optional redemption date for these bonds.

The bonds, initially issued with an original amount of ¥29 billion and a maturity date of December 13, 2055, carried an interest rate of 2.61% per annum. The redemption price is set at ¥100 per ¥100 of each bond. This decision was formally announced by Hiroshi Mikitani, chairman and chief executive, on September 16, 2025.