Kawasaki Heavy seeks 200 billion via new shares and convertible bonds: sources

Kawasaki Heavy Industries is collaborating with companies including Nvidia to integrate AI and robotics, and last month announced a development hub in Silicon Valley. Kawasaki Heavy Industries is finalizing plans to raise about ¥200 billion ($1.23 billion) by issuing new shares and convertible bonds to fund capital expenditure, according to two sources familiar with the matter. The company will decide on the details of the issuance as soon as this week, the sources said. The shares and convertible bonds will be sold mainly to overseas institutional investors, one of the sources said. The plan to raise funds has not been reported earlier. Kawasaki Heavy said in a statement that it is considering various capital strategies including issuing new shares and bonds but that nothing has been decided.