According to a source and the companies, three Japanese corporations have delayed the sale of 100 billion yen ($678.43 million) worth of yen-denominated bonds in the aftermath of the global financial market turbulence brought on by US tariff announcements.
According to a business representative, Asahi, the most prominent firm in Japan, was scheduled to issue 50 billion yen ($340 million) this month but postponed the offering because of market turbulence. According to a spokeswoman, Suntory Holdings postponed the offering of 10 billion yen in subordinated bonds, whose pricing was scheduled for this week.
In addition, Nissin announced that it had delayed a scheduled bond sale, although it would not elaborate. A source with knowledge of the situation stated that the noodle manufacturer was expected to issue bonds totaling 40 billion yen.
As financial markets struggled with the worldwide repercussions of US President Donald Trump’s tariffs, which investors worried could lead to a full-scale trade war and a severe recession, the three Japanese debt agreements were put on hold.
Even as US stock futures increased and Asian equities recovered Tuesday from more than one-year lows, investors remained on edge as they anticipated that Washington would be open to negotiating some of the aggressive tariffs that have caused market upheaval.
Also Read:
France Dequilbec: Empowering Female Leadership- Bridging the Gap in Executive Diversity
Crafting Sustainable Solutions For Businesses With Reinke Photovoltaik GmbH: Jan Reinke
