TOKYO -- Rakuten Group is preparing to issue 250 billion yen ($1.87 billion) in bonds, Nikkei learned on Friday, the largest one-time issuance in Japanese e-commerce company's history as it struggles to overcome mounting costs in its mobile phone business.
Bonds
Rakuten to issue $1.8bn in bonds to shore up mobile business
Company's biggest-ever offering comes after downgrade to junk rating
Rakuten chief Hiroshi Mikitani at a company presentation. The Japanese e-commerce company has struggled to overcome rising costs in its mobile phone business. (Photo by Mizuho Miyazaki)
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