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Capital Markets

Tepco's bond floats to hit a 10-year high in fiscal 2018

Investors show more interest as the Japanese utility's credit ratings improve

  © Reuters

TOKYO -- Tokyo Electric Power Co. Holdings will likely issue more than 400 billion yen ($3.76 billion) in corporate bonds through a subsidiary in the year ending March 2019, marking a 10-year high as upgraded credit ratings make the Tepco group's bond offerings more appealing to investors.

Tepco stopped selling bonds after the March 2011 meltdowns at its Fukushima Daiichi nuclear plant. It returned to the market in March 2017 and began a full comeback this fiscal year.

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