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Finance

Orix planning $500m bond float

TOKYO -- Orix will issue dollar-denominated bonds as early as April 13 to finance such operations as aircraft leasing.

     The Japanese company will offer five-year notes carrying a 2.65% coupon. It is expected to raise $500 million.

     This will mark Orix's first float of dollar-denominated debt since last July. The move is aimed at avoiding financial risks associated with exchange rate fluctuations.

(Nikkei)

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