The Howa Bank, Ltd. (FKSE:8559) announced a private placement of 8,000,000 series E preferred shares at ¥1,000 per share for gross proceeds of ¥8,000,000,000 on February 10, 2017. The company expects to close the transaction on April 27, 2017. The company will issue securities through third party allotment method. The company will pay various issue costs of ¥54,000,000. The company will receive net proceeds of ¥7,946,000,000. The transaction has been approved by the board of the company.