Terumo to Sell Convertible Bonds in Japan’s Biggest Since May
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Terumo Corp., Japan’s largest medical devices maker, will sell 100 billion yen ($857 million) of convertible bonds overseas, in the biggest issuance of the notes from the country since May.
The company will offer 50 billion yen each of five- and seven-year notes, according to a filing with Japan’s Finance Ministry today. Terumo’s first offering since 1989 is the biggest since Yamada Denki Co. and Toray Industries Inc. each raised 100 billion yen in May, data compiled by Bloomberg show.