Japan's Orix to raise $1 billion to repay debt

TOKYO, July 2 (Reuters) - Orix Corp (8591.T), Japan's biggest leasing firm and a major property investor, said on Thursday it plans to raise 100 billion yen ($1 billion) through a public share offering.

Orix said it would use the proceeds to repay debt and for investments. ($1=96.65 Yen)

(Reporting by Junko Fujita)