Japan-based telecom operator KDDI Corporation is planning to sell $545 million worth of corporate bonds.

Japan-based telecom operator KDDI Corporation is planning to sell $545 million worth of corporate bonds. The company will reportedly issue around $436 billion of bonds in five-year notes ?? to be managed by Daiwa Securities ?? and a further $109 billion worth of ten-year notes ?? to be managed by Mizuho Securities Company and Daiwa. KDDI is increasing its borrowing to increase its free cash flow. Earlier, in December 2007, the company had raised $870 billion from the sale of debt.