RAKUTN 11.250% 15Feb2027 Corp (USD)

Bond Factsheet

Marketplace

Rakuten Group, Inc

Full Lot

Bid Price

101.695

Change in Bid Price

remove 2.869

Bid Yield (%)

6.274 %

Change in Bid Yield

1.029

Bid Volume

200,000

Ask Price

101.895

Change in Ask Price

remove 2.669

Ask Yield (%)

5.719 %

Change in Ask Yield

0.474

Ask Volume

200,000

Price as of 05 Oct 2026, 5:10pm

Odd Lot

Bid Price

101.595

Change in Bid Price

remove 0.245

Bid Yield (%)

6.553 %

Change in Bid Yield

0.601

Bid Volume

100,000

Ask Price

101.945

Change in Ask Price

0.105

Ask Yield (%)

5.580 %

Change in Ask Yield

remove 0.372

Ask Volume

100,000

Price as of 05 Oct 2026, 5:10pm

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Bond Information

Rakuten Group, Inc. provides internet services. The Company offers electronic commerce, internet finance, and other services. Rakuten Group serves customers worldwide.

Bond Issuer

Rakuten Group, Inc

Guarantor

Announcement Date

30 Jan 2024

Issue Date

06 Feb 2024

Maturity Date

15 Feb 2027

Years to Maturity / Next Call

0.363 / -

Modified Duration

0.348 @ 02 Oct 2026

Issue / Reoffer Price

97.830

Issue / Reoffer Yield

12.125

Coupon Type

Fixed

Annual Coupon Rate

11.250

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

USJ64264AG96

CUSIP

ZF5958961

Bond Currency

USD

Total Issue Size

1,800,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Make Whole Call

At any time prior to maturity of the notes, we have the option to redeem the notes, in whole or in part, upon giving not less than 30 nor more than 60 days’ prior notice of redemption to the trustee, the paying agent and the holders, and the redemption price for the notes to be redeemed will be equal to the greater of:

(i) 100% of the principal amount of the notes being redeemed; or

(ii) the make-whole price, which equals the sum of the present values of the principal and the remaining scheduled payments of interest on the notes being redeemed (exclusive of interest accrued to the date of redemption) that would be due if such notes were redeemed on the maturity date, discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 50 basis points; plus accrued and unpaid interest on the notes being redeemed up to, but excluding, the date of redemption.

Change Control Put

If a Change of Control (as defined below) occurs, the holders of the notes will have the right to require us to repurchase all or any part, equal to $200,000 or an integral multiple of $1,000 in excess thereof, of that holder’s notes pursuant to an offer described below (the “Change of Control Offer”) and on the terms set forth in the Indenture. In the Change of Control Offer, we will offer a payment (the “Change of Control Payment”) in cash equal to 101% of the principal amount of notes to be repurchased, plus accrued and unpaid interest and additional amounts, if any, on the notes repurchased to the date of purchase, subject to the rights of holders of the notes on the relevant record date to receive interest due on the relevant interest payment date.

“Change of Control” means the occurrence of any of the following:

(a) the direct or indirect sale, lease, transfer, conveyance or other disposition, in one or a series of related transactions (other than by way of merger or consolidation), of all or substantially all of the properties or assets of ours and our Subsidiaries taken as a whole to any person (including any “person” (as that term is used in Section 13(d)(3) of the Exchange Act)) other than the Permitted Holders;

(b) the adoption of a plan relating to our liquidation or dissolution (other than in connection with a solvent reorganization); or

(c) the consummation of any transaction (including, without limitation, any merger or consolidation), the result of which is that any person (including any “person” as described above) other than the Permitted Holders becomes the Beneficial Owner, directly or indirectly, of more than 50.0% of our Voting Stock (or our Successor Entity), measured by voting power rather than number of shares;

Equity Call

At any time prior to February 6, 2025, we may on any one or more occasions redeem, in the aggregate, up to 40% of the original aggregate principal amount of the notes issued under the Indenture upon giving not less than 30 nor more than 60 days’ prior notice of redemption to the trustee, the paying agent and the holders at a redemption price of 111.25% of the principal amount, plus accrued and unpaid interest on the notes being redeemed up to, but excluding, the date of redemption, with the net cash proceeds of one or more Equity Offerings (as defined below); provided that the redemption occurs within 90 days of the date of the closing of such Equity Offering.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

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