TOKYO -- Japanese power utilities are stepping up fundraising as high resource prices and a weak yen deplete their cash holdings, with total bond offerings this fiscal year set to rise 6% to 1.73 trillion yen ($12.4 billion).
Energy
As energy costs soar, Japan power utilities rush to secure cash
Bond offerings by eight companies reach 24-year high
Tohoku Electric will issue bonds to finance safety measures for the Onagawa nuclear power plant.
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