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Japanese Firm Tests Market With Riskier Bond Deal as Rates Rise

(Bloomberg) -- A Japanese borrower that was hit by a record loss is marketing a yen bond deal at the widest spread for corporate hybrid debt this year in a key test of appetite as interest rates creep higher.Most Read from BloombergThe Outsized Cost of Expanding US RoadsHow Air Conditioning Took Over the American OfficeHong Kong’s Arts Hub Turns to Selling Land to Stay AfloatMadrid to Ban E-Scooter Rentals, Following Lead Set in ParisWorld's Second-Tallest Tower Tests Malaysia's Appetite for Mor