T&D Holdings plans up to 120 bln yen share issue

Thu Nov 5, 2009 2:44am EST
 
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TOKYO, Nov 5 (Reuters) - T&D Holdings Inc (8795.T), an insurance company, said on Thursday it had registered to issue up to 120 billion yen ($1.3 billion) in new shares.

The company said it planned to use the funds to repay part of its debt.

The main underwriters will include Nomura Securities (8604.T), the company said.

(Reporting by Yuko Inoue)

 

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