News
SYLA Solar Announces Issuance of Series 1 Unsecured Bonds (Guaranteed by Aichi Bank, Ltd. and Limited to Qualified Institutional Investors)
SYLA Solar Co., Ltd. (Head Office: Nagoya, Aichi; CEO: Takeshi Fuchiwaki; hereinafter “SYLA Solar”), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ “SYT”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, has successfully raised 50 million yen in bank guaranteed private placement bonds provided by Aichi Bank, Ltd. (Head Office: Nagoya, Aichi; President: Yukinori Ito) The funds raised will be used for business working capital.
Purpose of Fundraising
Under the slogan “Solar Power for Everyone,” SYLA Solar has been dedicated to driving innovation and widespread adoption of renewable energy technologies. This fundraising initiative aims to fortify SYLA Solar’s business operations and facilitate further growth. Specifically, the funds will be allocated towards advancing investment in research and development efforts to promote the development of new technologies and products. SYLA Solar will also expand and streamline its production facilities to strengthen the mass production system and enhance its capacity to supply products to the market. Furthermore, SYLA Solar intends to amplify customer satisfaction and expand its market share by broadening sales channels and enhancing customer service. Through these endeavors, SYLA Solar is poised not only to strengthen its operational capabilities but also to make further contributions to the promotion of sustainable energy.
Overview of The Bank Guaranteed Private Placement Bonds Provided by Aichi Bank, Ltd.
Trustee/Underwriter: Aichi Bank, Ltd.
Name: Series 1 Unsecured Bonds
Issue amount: 50,000,000 yen
Issue date: March 25, 2024
Final maturity date: March 23, 2029
Use of funds: Business working capital
SYLA Solar Co., Ltd.
Head Office: Land Square Marunouchi 2F, 2-18-14 Marunouchi, Naka-ku, Nagoya, Aichi, Japan
Representative Director: Takeshi Fuchiwaki
Establishment: August 2013
Capital: 46,000,000 yen
Website: https://syla-solar.jp/
SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
[email protected]