You are here

Japan developer sells 10b yen of debt to individuals

Tokyo Tatemono's offering is the first in more than a decade and comes after robust sales of top-floor condominiums in the capital costing more than US$3m
Monday, July 27, 2015 - 05:50
BT_20150727_KVBOOM27_1792857.jpg
Tokyo Tatemono is raising funds from individuals after bank loans to the property industry, excluding households, reached a record 3.82t yen in the three months ended March 31.

Tokyo

TOKYO Tatemono Co sold the first bonds by a Japanese property developer to individuals in more than a decade after strong sales of top-floor condominiums in the capital costing more than US$3 million.

The 119-year-old real estate company issued 10 billion yen (S$110 million)