Panasonic Comeback Seen in Biggest Bond Sale Since 2011
March 11, 2015
Tokyo, Japan - According to a Bloomberg report published in The Japan Times today, "Panasonic Corp. has completed the biggest bond sale to Japan’s institutional investors since 2011 after the electronics maker forecast its best profit in seven years."
Hidetoshi Ohashi, the chief executive officer of Japan Credit Advisory Co. is quoted in the report saying, "Panasonic’s creditworthiness has improved above and beyond its ratings profile. Investors judged favorably that the company was effectively debt free." Read the full report here.
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