• Bloomberg


Mori Building Co. sold its longest bond ever as Japan’s biggest closely held developer plans ¥1 trillion ($9.8 billion) in projects in the decade that will include the 2020 Tokyo Olympics.

The company, whose Roppongi Hills complex houses Goldman Sachs Group Inc. and Apple Inc., raised ¥13 billion in 10-year bonds on Friday. The notes offered three times the average yield premium for Japanese peers at 34 basis points over government debt. Global property companies pay 131, Bank of America Merrill Lynch indexes show.

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