Technology
GMO Bond Spread Jumps as Cyberattack Hits Credit Market
Key Points
GMO Bond Spread Jumps as Cyberattack Hits Credit Market A cyberattack on a listed unit of GMO Internet Group Inc. is spilling into Japan’s credit market, widening the company’s bond spread as investors grow more concerned about the potential blow to earnings. The spread on GMO Internet Group’s yen bond due June 2031 widened to about 174 basis points on Oct. 28, from about 122 basis points on Oct. 20, the day before the unauthorized access was disclosed, according to data compiled by Bloomberg.
GMO Bond Spread Jumps as Cyberattack Hits Credit Market
A cyberattack on a listed unit of GMO Internet Group Inc. is spilling into Japan’s credit market, widening the company’s bond spread as investors grow more concerned about the potential blow to earnings.
The spread on GMO Internet Group’s yen bond due June 2031 widened to about 174 basis points on Oct. 28, from about 122 basis points on Oct. 20, the day before the unauthorized access was disclosed, according to data compiled by Bloomberg.