Found this today on the web, maybe Ricoh needs a finacial arm in the US like Canon has with Canon Financial. Could give us additional means to secure more business in these tough times.... thoughts???
TOKYO, Apr 15, 2009 (AsiaPulse via COMTEX) -- RCHXF | Quote | Chart | News | PowerRating -- Ricoh Leasing Co. (TSE:8566) is expected to issue nearly 30 billion yen (US$303 million) in straight bonds, its first such offering since December 2006.
The issuance comes in the wake of improved conditions for offering highly rated bonds as anxiety about financial and capital markets eases. The bonds are likely to have a maturity of five years.
Since the financial malaise worsened last fall and the bond market deteriorated, Ricoh Leasing has been issuing commercial paper to raise funds. As a result, its balance of outstanding commercial paper has grown from 75 billion yen at the end of last year to more than 100 billion yen of late. The bond offering is expected to improve the balance between long- and short-term debt.
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