BSM FULL POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : MODERATE ISIN: USJ64264AG96
RAKUTN 11.250% 15Feb2027 Corp (USD)
RAKUTEN GROUP, INC
Bid Price
103.376
Bid Yield to Maturity
5.810%
Min. Investment (Nominal)
200,000
Bid Volume
200,000
Ask Price
104.176
Ask Yield to Maturity
4.579%
Maturity Date
14 Feb 2027
Ask Volume
200,000
Credit Rating (Bond)
No Rating
Seniority
Investor Profile
High Yield Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to MaturityAsk Yield to Maturity18. May20. May22. May24. May26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun4.254.54.7555.255.55.7566.25fundsupermart.com
Bond Information
Rakuten Group, Inc. provides Internet services. The Company offers Internet finance services which including "Rakuten Card" and "Rakuten Bank". Rakuten Group also provides digital content services including electronic book services.
Bond Issuer
Rakuten Group, Inc
Guarantor
-
Announcement Date
29 Jan 2024
Issue Date
05 Feb 2024
Maturity Date / Next Call Date
14 Feb 2027 (Maturity Date)
Years to Maturity / Next Call
0.659 / -
Issue/Reoffer Price
97.830
Issue/Reoffer Yield
12.125
Coupon Type
Fixed
Annual Coupon Rate (%)
11.25
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
SGX
Reference Rate
ISIN
USJ64264AG96
CUSIP
ZF5958961
Bond Currency
USD
Total Issue Size
USD 1,800,000,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed
No
Bond Feature(s)
If a Change of Control (as defined below) occurs, the holders of the notes will have the right to require us to repurchase all or any part, equal to $200,000 or an integral multiple of $1,000 in excess thereof, of that holder’s notes pursuant to an offer described below (the “Change of Control Offer”) and on the terms set forth in the Indenture. In the Change of Control Offer, we will offer a payment (the “Change of Control Payment”) in cash equal to 101% of the principal amount of notes to be repurchased, plus accrued and unpaid interest and additional amounts, if any, on the notes repurchased to the date of purchase, subject to the rights of holders of the notes on the relevant record date to receive interest due on the relevant interest payment date.

“Change of Control” means the occurrence of any of the following:

(a) the direct or indirect sale, lease, transfer, conveyance or other disposition, in one or a series of related transactions (other than by way of merger or consolidation), of all or substantially all of the properties or assets of ours and our Subsidiaries taken as a whole to any person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) other than the Permitted Holders;

(b) the adoption of a plan relating to our liquidation or dissolution (other than in connection with a solvent reorganization); or

(c) the consummation of any transaction (including, without limitation, any merger or consolidation), the result of which is that any person (including any “person” as described above) other than the Permitted Holders becomes the Beneficial Owner, directly or indirectly, of more than 50.0% of our Voting Stock (or our Successor Entity), measured by voting power rather than number of shares;
At any time prior to maturity of the notes, we have the option to redeem the notes, in whole or in part, upon giving not less than 30 nor more than 60 days’ prior notice of redemption to the trustee, the paying agent and the holders, and the redemption price for the notes to be redeemed will be equal to the greater of:

(i) 100% of the principal amount of the notes being redeemed; or

(ii) the make-whole price, which equals the sum of the present values of the principal and the remaining scheduled payments of interest on the notes being redeemed (exclusive of interest accrued to the date of redemption) that would be due if such notes were redeemed on the maturity date, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points; plus accrued and unpaid interest on the notes being redeemed up to, but excluding, the date of redemption.
At any time prior to February 6, 2025, we may on any one or more occasions redeem, in the aggregate, up to 40% of the original aggregate principal amount of the notes issued under the Indenture upon giving not less than 30 nor more than 60 days’ prior notice of redemption to the trustee, the paying agent and the holders at a redemption price of 111.25% of the principal amount, plus accrued and unpaid interest on the notes being redeemed up to, but excluding, the date of redemption, with the net cash proceeds of one or more Equity Offerings (as defined below); provided that the redemption occurs within 90 days of the date of the closing of such Equity Offering.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
17 Jun 2026103.685103.8855.025
16 Jun 2026103.676103.8765.064
15 Jun 2026103.687103.8875.145
14 Jun 2026103.739103.9395.091
11 Jun 2026103.708103.9085.162
10 Jun 2026103.675103.8755.235
09 Jun 2026103.909104.1094.961
08 Jun 2026103.924104.1244.963
07 Jun 2026103.885104.0855.044
04 Jun 2026104.032104.2324.855
Total of 65 entries
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FSMOne strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Offering Circular
$1,800,000,000 11.250% Senior Notes due 2027. Offering Circular dated January 30, 2024.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
RAKUTN 9.750% 15Apr2029 Corp (USD)

Rakuten Group, Inc

14 Apr 2029 109.206 6.132% p.a. ***/N.R
Total of 1 entries
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Processing Fee
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Platform Fee
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Goods & Services Tax (GST)
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Potential Income Explained
Est. Payable Amount
USD 216,788.00
Years to Maturity
7+ months
Est. Total Income
USD 22,500.00
Yield to Maturity
4.029%
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2027
    Feb
    Coupon
    USD 11,250.00
    Maturity
    USD 200,000.00
  • 2026
    Aug
    Coupon
    USD 11,250.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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