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Rakuten to raise $500m via bond sale
Japanese technology firm Rakuten Group Inc. is set to raise US$500 million through a US dollar bond sale, according to a source familiar with the deal.
The company intends to issue hybrid perpetual notes, which can be called after five years.
Additional details about the bond sale are yet to be disclosed.
Recent Rakuten developments
| Timeline |
|---|
13-Nov-2024 💳 Rakuten sells 15% credit unit to Mizuho for $1.1b
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06-Dec-2023 💰 Rakuten Group to sell $475m in bank shares to manage losses
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04-Nov-2022 💄 Rakuten Ventures leads $6m round of Indonesia beauty startup
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11-Oct-2021 🌍 Rakuten, Sequoia, and more pour $5.4m into traveltech firm
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20-May-2021 🌱 Rakuten Ventures joins $1.5m round in Malaysian B2B groceries platform
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| 09-Apr-2017 🏢 Rakuten invests $2.8m in Singapore-based serviced apartment startup |
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