Investors Bet Tokyo Disneyland’s Rebound Will Pick Up Pace
- Biggest bond sale in over 20 years meets strong demand
- Broader market rally has helped even more vulnerable sectors
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Some investors are betting that a market rebound for Tokyo Disneyland, one of Japan’s top tourist spots, will pick up pace given its financial strength to weather the pandemic.
Shares in the operator of the amusement park, Oriental Land Co., hit the highest since June last week and are up about 17% from an August low. And in the debt market, the company’s sale of 100 billion yen ($943 million) of bonds last week met with strong investor demand, according to underwriters, even after it posted an operating loss.