TOKYO: There’s a new kid on the block in Japan’s corporate bond market, an operator of a conveyor-belt sushi chain, and the fact it chose to sell notes for the first time underscores the boom in the nation’s debt market.
Sushiro Global Holdings Ltd., which runs more than 500 sushi restaurants in Japan, priced 5 billion yen ($45 million) each of five-year and 10-year securities on Friday. It’s likely the first public bond sale by a so-called kaiten sushi chain, according to Bloomberg-compiled data.
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