ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Kubota issues first dollar bonds in 31 years as U.S. business grows

Japan machinery maker diversifies funding with eye on financial risks

Kubota's finance arm offers loans to buyers of its equipment in North America. (Photo courtesy of Kubota)

TOKYO -- Japanese machinery maker Kubota has issued $500 million in dollar-denominated bonds, its first since 1992, to meet its increasing capital needs in the U.S. as sales of its farm and construction equipment grow.

The three-year debt issued by Kubota Credit U.S.A. in late May, guaranteed by its Japanese parent, carries a 4.958% coupon and an A rating from S&P Global. Morgan Stanley was among the lead underwriters.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more