Subaru (7270.JP) plans to repurchase corporate bonds worth approximately 30 billion yen at a price above the market
Subaru (7270.JP) announced plans to repurchase corporate bonds worth up to approximately 30 billion yen (about 194 million USD), at a price higher than the current market price but lower than the securities' issuance price, to alleviate the company's debt burden.
The corporate bond market typically follows the trend of Japanese government bond prices, which plummeted last week due to investor concerns that Prime Minister Fumio Kishida would cut the consumption tax and may need to issue bonds to fill the tax revenue gap
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