Relo Group, Inc. announced that it expects to receive ¥25 billion in funding
February 27, 2018
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Relo Group, Inc. (TSE:8876) announced a private placement of 2021 due euro-yen convertible bonds for the gross proceeds of ¥25,000,000,000 on February 28, 2018. The bonds do not carry any coupon rate. The maturity date of bond is March 22, 2021. The bonds can be redeemed which is 100% of the face value of bonds. The company will also issue 2,500 warrants. The bonds are convertible at a fixed conversion price of ¥3,317 per share. The allotment date of warrants is March 20, 2018. The warrants can be exercised between October 1, 2019 and March 8, 2021. The transaction will include participation from investors from overseas market centered in Europe and Asia. The transaction was approved by board of directors. The payment date of bonds is March 20, 2018.
Relo Group Inc is engaged the provision of outsourcing services in the field of corporate welfare, as well as the rental management business and hotel management business. The Company operates in five business segments. The Domestic Relocation segment is involved in the provision of leasing company housing management outsourcing services, and the rental real estate management & brokerage business. The Welfare segment is involved in the provision of welfare agency services, customer benefit agency services, and home rush services. The Transfer Support segment provides the overseas assignment support, inbound support, expatriate staff regulations and treatment consulting services. The Overseas segment provides assignment management services for global companies, as well as overseas local services. The Tourism segment is involved in the holiday home time sharing business and hotel management business. The Company also conducts financial-related businesses of its core businesses.
RELO GROUP, INC. 
