NEC Capital Solutions issues ¥24 bn in new unsecured bonds

NEC Capital Solutions Limited (TSE:8793) will issue its 30th unsecured corporate bonds, totaling ¥24 billion. The bonds, with a denomination of ¥100 million each, carry an interest rate of 1.595% per annum and mature on December 1, 2028. The application deadline is November 26, 2025, with the payment date set for December 2, 2025.

The bonds are offered via public offering and will be redeemed at maturity or through purchase cancellation. Interest will be paid semi-annually on June 2 and December 2. These bonds are not secured by collateral or guarantee and include a collateral provision restriction clause as a financial covenant.

Japan Credit Rating Agency, Ltd. has assigned an "A" rating, while Rating & Investment Information, Inc. has given an "A-" rating. Lead managers for the issuance include Daiwa Securities Co.Ltd., SMBC Nikko Securities Inc., and Mizuho Securities Co., Ltd. Sumitomo Mitsui Banking Corporation will serve as the fiscal agent and agent for issuance and payment.