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Is Tokyu (TSE:9005) Undervalued Following Its New Bond Issuance?
Tokyu (TSE:9005) has tapped the bond market, announcing and completing several fixed income offerings that include unsecured notes due 2029, as well as climate focused green bonds maturing in 2033 and 2036.
The bond activity has landed while Tokyu’s share price has drifted, with the stock at ¥1,687 and a year-to-date share price return of a 6.98% decline, set against a 12.72% gain in the 5-year total shareholder return that points to longer-term resilience.
Scan how Tokyu’s bond moves compare...