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KDDI to raise up to $800m in bond sale ahead of 5G rollout

Japanese telecom seeks to lock in low interest rates as investments continue

Japanese telecom KDDI is experimenting with 5G-powered apps like this one, which gives baseball fans sitting in stadium seats close-up views of the batter. (Photo by Mao Kawano)

TOKYO -- Japanese telecom company KDDI is preparing to issue up to 90 billion yen ($797 million) in medium- to long-term bonds to raise funds for investments like building a 5G network.

This will likely mark one of KDDI's biggest bond sales. The coupon rate and other terms will be set in November. 

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