## PPIH, to issue bonds on the Practical Blockchain
Securitize Japan, which provides digital securities (ST) issuance and management services, announced on the 13th that it will support Pan Pacific International Holdings (PPIH), which operates discount stores such as "Don Quijote," in the issuance of digital corporate bonds.
Only members of the PPIH Group's credit card "UCS Card" can purchase corporate bonds. In addition, since interest payments are made using majica points, which can be used within the PPIH Group, it is limited to cards that include a majica number.
The募集金額 is a 1-year bond of 100 million yen, with a pre-tax interest rate of 1% (0.3% in cash and 0.7% in majica points).
This digital bond also includes a system to support young people. For bond purchasers under the age of 24, the issuance of majica points is planned based on the number of purchases. Additionally, PPIH plans to use the funds obtained from the bonds as support for young people in the country.
Source: PPIH
According to the current schedule, the application period starts from June 13 and the redemption date is set for August 8. As this digital bond cannot be sold in principle, purchasers will hold it until the maturity planned for approximately one year after issuance.
PPIH operates not only "Don Quijote" but also shopping centers like "Apita" and general supermarkets like "Pia-go," attracting a large number of young customers. It was mentioned that many students are employed as employees.
That is why we decided to issue corporate bonds with the desire to support the youth who are passionate about various things in some way.
According to the Nihon Keizai Shimbun, the funds raised through corporate bonds are expected to be used for supporting student sports and cultural organizations, as well as for accepting student interns in overseas stores.
In recent years, the issuance of digital securities (security tokens) has increased in Japan.
For example, in February, Toyota Financial Services issued the first security token corporate bond in the Toyota Group. Through Toyota's smartphone payment app "TOYOTA Wallet," it aims to provide benefits and promote empathy towards the group's businesses and activities.
In addition, in February of last year, domestic companies such as Daiwa Securities Group, Mitsubishi UFJ Trust and Banking Corporation, and Rakuten Securities began collaborating on the issuance of security token corporate bonds that make full interest payments in electronic money.
The interest granting for regular transfer bonds through the Japan Securities Depository Center (ほふり) is only in cash, but it was explained that with the new technology of digital bonds, it is also possible to use electronic money for interest granting.
What is a security token?
It is a token that digitizes securities such as stocks using Practical Blockchain technology.
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PPIH, which operates "Don Quijote", to issue digital securities on-chain to support the younger generation.
Securitize Japan, which provides digital securities (ST) issuance and management services, announced on the 13th that it will support Pan Pacific International Holdings (PPIH), which operates discount stores such as "Don Quijote," in the issuance of digital corporate bonds.
Only members of the PPIH Group's credit card "UCS Card" can purchase corporate bonds. In addition, since interest payments are made using majica points, which can be used within the PPIH Group, it is limited to cards that include a majica number.
The募集金額 is a 1-year bond of 100 million yen, with a pre-tax interest rate of 1% (0.3% in cash and 0.7% in majica points).
This digital bond also includes a system to support young people. For bond purchasers under the age of 24, the issuance of majica points is planned based on the number of purchases. Additionally, PPIH plans to use the funds obtained from the bonds as support for young people in the country.
According to the current schedule, the application period starts from June 13 and the redemption date is set for August 8. As this digital bond cannot be sold in principle, purchasers will hold it until the maturity planned for approximately one year after issuance.
PPIH operates not only "Don Quijote" but also shopping centers like "Apita" and general supermarkets like "Pia-go," attracting a large number of young customers. It was mentioned that many students are employed as employees.
That is why we decided to issue corporate bonds with the desire to support the youth who are passionate about various things in some way.
According to the Nihon Keizai Shimbun, the funds raised through corporate bonds are expected to be used for supporting student sports and cultural organizations, as well as for accepting student interns in overseas stores.
In recent years, the issuance of digital securities (security tokens) has increased in Japan.
For example, in February, Toyota Financial Services issued the first security token corporate bond in the Toyota Group. Through Toyota's smartphone payment app "TOYOTA Wallet," it aims to provide benefits and promote empathy towards the group's businesses and activities.
In addition, in February of last year, domestic companies such as Daiwa Securities Group, Mitsubishi UFJ Trust and Banking Corporation, and Rakuten Securities began collaborating on the issuance of security token corporate bonds that make full interest payments in electronic money.
The interest granting for regular transfer bonds through the Japan Securities Depository Center (ほふり) is only in cash, but it was explained that with the new technology of digital bonds, it is also possible to use electronic money for interest granting.
What is a security token?
It is a token that digitizes securities such as stocks using Practical Blockchain technology.