Nippon Steel’s $3.9 Billion Deal Jumpstarts Japan’s Convertible Bond Market
Nippon Steel Corp.’s record-breaking convertible bond offering is highlighting the quest of Japanese companies for cheaper funding than increasingly expensive traditional debt, which sets the stage for more such deals.
By Dave Sebastian, Julia Fioretti · Bloomberg Markets
Nippon Steel Corp.’s record-breaking convertible bond offering is highlighting the quest of Japanese companies for cheaper funding than increasingly expensive traditional debt, which sets the stage for more such deals.