NTT Finance Postpones Planned Yen Bond to Early June or Later

NTT Finance has postponed a planned yen-denominated corporate bond sale until early June or later amid a surge in Japanese government bond yields.

The deal had originally been scheduled for around late May. The delay was due to “issuer-related reasons,” lead manager Nomura Securities said. The offering is expected to total around ¥120 billion ($755 million), Nomura said earlier about the sale. Mitsubishi UFJ Morgan Stanley, Mizuho, SMBC Nikko and Daiwa were slated to join Nomura as joint managers.