Pan Pacific International Holdings (TYO:7532) has finalized the issuance of 100 million yen 1-year digital corporate bond, offering a 1% blended yield, according to its Tokyo bourse filing on Friday.
Exclusively available to UCS Card members, the bond features tiered bonus points for investors under 24, with minimum investments starting at 10,000 yen.
The innovative issuance, rated A+, marks Japan's first corporate bond integrating retail loyalty rewards, with settlement set for Aug. 8.
SMBC Nikko Securities advised on the offering, which includes transfer restrictions and targets younger demographics through its digital-first approach.