Japanese incumbent Nippon Telegraph and Telephone (NTT) is looking to raise Y70bn (US$909m) in a 10-year bonds offering, according to reports citing local newspaper Nikkei.
Mizuho Securities and two other Japanese banks are reportedly lead managers on…
Japanese incumbent Nippon Telegraph and Telephone (NTT) is looking to raise Y70bn (US$909m) in a 10-year bonds offering, according to reports citing local newspaper Nikkei.
Mizuho Securities and two other Japanese banks are reportedly lead managers on the transaction. Proceeds are expected to be used as working capital and for bonds repayment.
This report comes just a few days after NTT announced the launch of a Y220bn (US$2.8bn) share repurchase programme. The company intends to acquire shares representing a 3.48% stake in itself.
