TOKYO : Japanese brewers Asahi and Suntory have decided to put off plans to issue yen-denominated bonds, the companies said, in the wake of global market volatility induced by U.S. tariff announcements.
Japan’s largest beer maker, Asahi, was due to issue 50 billion yen ($340 million) this month but postponed the issuance due to market turmoil, a company spokesperson said.
Suntory postponed the issuance of 10 billion yen in subordinated bonds whose pricing was planned for this week, a spokesperson said.
($1 = 147.4200 yen)
