Japan: Brewers Asahi and Suntory put off bond issuance plans due to global market volatility

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, CNA reported on April 8.

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)