TOKYO -- Corporate bond issuance in Japan is on track to reach 13.7 trillion yen ($92.1 billion) this fiscal year, the third-largest value ever, as companies maneuver to get ahead of rising interest rates.
KDDI, Sony and others move to lock in lower borrowing costs

Wireless carrier KDDI issued the largest amount of bonds in the company's history this fiscal year. (Photo by Nikkei)
TOKYO -- Corporate bond issuance in Japan is on track to reach 13.7 trillion yen ($92.1 billion) this fiscal year, the third-largest value ever, as companies maneuver to get ahead of rising interest rates.