5 December 2023: Wealth Product Ideas
| Ticker and ISIN | RAKUTN 10 ¼ 11/30/24 Corp (USJ64264AC82) |
| Issuer | Rakuten Group Inc |
| Country | Japan |
| Currency | USD |
| Industry | Retailers (BCLASS) |
| Coupon rate | 10.250% |
| Coupon frequency | Semi-annual |
| Maturity | 11/30/2024 (MAKE WHOLE @50.000 until 11/30/24/BULLET) |
| Ratings | BB (S&P) |
| YTM | 8.029% |
| Amount issued | 950,000,000 |
(Source: Bloomberg)
| Ticker and ISIN | RAKUTN 6 ¼ PERP Corp (USJ6S87BAX69) |
| Issuer | Rakuten Group Inc |
| Country | Japan |
| Currency | USD |
| Industry | Retailers (BCLASS) |
| Coupon rate | 6.250% |
| Coupon frequency | Semi-annual |
| Maturity | PERPETUAL (MAKE WHOLE @50.000 until 04/22/31/PERPETUAL CALL 04/22/[email protected]) |
| Ratings | B (S&P) / BBB- (R&I) / JCR (BBB) |
| YTM | 11.312% |
| Amount issued | 1,000,000,000 |
(Source: Bloomberg)
