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Tokyo raises 1.3 trillion yen from stake sale in Japan Post

Nation's biggest public offer in a century is also believed to be the second-largest in the world

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Published Mon, Sep 25, 2017 · 09:50 PM

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    Tokyo

    JAPAN'S government raised about 1.3 trillion yen (S$15.6 billion) selling a stake in Japan Post Holdings Co, completing the nation's biggest public offering this century.

    The 929 million shares were sold to domestic and foreign investors for 1,322 yen apiece, 2 per cent lower than the closing price on Monday, Tokyo-based Japan Post said in a regulatory filing.

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