• Bloomberg


Mitsubishi Estate Co. raised ¥250 billion in the biggest Japanese corporate bond sale so far this year and the latest jumbo offer luring yield-hungry yen fixed-income investors with riskier notes.

The four-part deal sold by Japan’s largest property developer by market value included ¥75 billion of 60-year notes that can be called after five years, according to a statement Thursday from sale manager Mitsubishi UFJ Morgan Stanley Securities Co. The bonds sold at a yield of 1.02 percent, compared with about 0.01 percent interest on five-year Japanese government notes.

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