Japan condo builder taps bond market after 20 years
Property boom helps Haseko rebound after it defaulted on debt in 1999
Tue, Oct 07, 2014 - 5:50 AM
Good timing: Japanese firms raised 6.7 trillion yen via bond offerings this year. Analysts say it is a good time for selling debt with investors flush with money from the central bank's easing and few new offerings.
[TOKYO] Haseko Corp, a Tokyo-based condominium builder, is returning to the bond market for the first time since defaulting in 1999 on about US$3.6 billion in debt after the Japanese real estate bubble burst.
Haseko, which paid dividends for the first time in six years in the year ended...