Aozora Bank, Ltd. announced a private placement that it will issue 21,500,000 common shares through third-party allotment at an issue price of ¥2,415.5 per share for the gross proceeds of ¥51,933,250,000 on May 13, 2024. The transaction will include participation from new investor, Daiwa Securities Group Inc. The transaction is expected to close in a period of May 29, 2024 to July 31, 2024. The transaction has been approved by the board of directors of the company. The company will pay ¥540,000,000 as estimated issuance costs and the net proceeds will be ¥51,393,250,000.

On June 11, 2024, the company announced that it has entered into an agreement regarding the issuance of common shares of the company in two steps, in off-market trading, with CITY INDEX ELEVENTH CO., Ltd. and its joint holder who are shareholders of the Bank, whereby Daiwa Securities Group will acquire 5,968,000 shares of the Bank?s shares on June 24, 2024, and additionally acquire 5,588,300 shares provided that certain conditions are met.