(Bloomberg) -- Tokyo Electric Power Co., Asia's largest power producer, failed to sell 50 billion yen ($421 million) of bonds this week after rising government bond yields increased borrowing costs, said an official at the company.
The company, known as Tepco, canceled a sale of seven-year bonds which it sought to price at an interest rate between 1.48 percent and 1.50 percent, said the official, who declined to be identified before an announcement. The yield on Japan's seven- year government debt rose to 1.464 percent on April 18 from 1.400 percent on April 13.
Read more at Bloomberg Energy News
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