Rakuten’s Rally From Record Lows Clouded by Looming Bond Deadlines
- Mobile business losses weigh on Rakuten as debt comes due
- Rakuten hasn’t raised enough funds to repay bonds: S&P analyst
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Japanese e-commerce conglomerate Rakuten Group Inc. is extending a three-month rally in credit markets as it unveils fundraising plans including listing a unit.
But lingering questions whether it will be able to service looming debt maturities are crimping that rebound and leaving it stuck as Japan’s riskiest major borrower.