• Most Popular
  • Most Shared

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

Thu Jul 2, 2009 3:56am EDT

Stocks

   

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)



More from Reuters

Photo

Democrats reach deal on health bill

WASHINGTON (Reuters) - Senate Democratic healthcare negotiators said they agreed on Tuesday to replace a government-run insurance option with a scaled-back non-profit plan and would seek cost estimates on the deal.

» More Top News
A pedestrian walks in lower Manhattan in New York, April 16, 2007. REUTERS/Eric Thayer
Analysis:

The boomer meltdown

The number of U.S. workers in their prime savings years peaks in 2010, affecting a key ratio that has impacted equities for 40 years. If history repeats itself, stocks are set for a funk.  Full Article 

Economy
Traders work on the main floor of the BM&F Bovespa stock exchange market in Sao Paulo October 10, 2008.REUTERS/Paulo Whitaker

Betting on emerging markets

There's still an upside in large-cap U.S. stocks, but BlackRock's Bob Doll says emerging markets have two things the developed world does not.  Full Article 

investment outlook summit