April 25, 2024
Money

Daiwa to Pay Interest With Rakuten E-Money on Debut Digital Bond


Daiwa Securities Group Inc. will issue its debut digital bonds to individuals and pay interest using Rakuten Group Inc.’s electronic money, the first such public offering in Japan.

Daiwa will sell ¥1 billion ($6.7 million) of one-year 0.8% notes, according to a regulatory filing, in the latest example of a broadening range of fundraising in recent months in Japan’s corporate bond market.



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