NTT is preparing a major global debt sale that could raise around $10 billion, potentially making it the largest offshore bond offering by an Asian corporate this year. The Japanese telecom giant's finance unit began marketing the multi-currency notes on Wednesday, with people familiar with the matter saying about half of the deal may come through U.S. dollar debt and the rest through euro- and pound-denominated tranches. The move comes during one of the busiest weeks for Japanese companies raising money overseas, after Nomura Holdings, Sony Group, and Toyota Motor each priced offerings of $1 billion or more. Japanese issuers have become Asia's largest borrowers in global bond markets as they fund growing acquisition activity with offshore capital, while Bank of Japan rate hikes have added volatility to the local market. Investor appetite could be supported by tight credit spreads, strong corporate earnings, and trillions of dollars in AI-infrastructure spending that has helped lift sentiment in debt markets.
NTT IncNTT is the subject of the article, planning a $10 billion bond sale to fund acquisition activity.
Sony Group Corporation
Toyota Motor Corp.
Nomura Holdings, Inc.