Square Enix, publisher of popular titles like Dragon Quest and Final Fantasy, today raised 35 billion Yen ($384 million). This was done with a zero-coupon convertible bond, meaning they could be exchanged out for company shares.
While Kotaku reports that the company already has 80 billion yen ($877 million) on hand, the new debt could be used to replace some old debt of 50 billion yen ($548 million) or be used in a future acquisition. "The cost of borrowing monies is so low in the world at the moment," says KBC Securities Japan's Hiroshi Kamide, "that Square Enix is being opportunistic in raising funds on the cheap today, just in case it feels like shopping for something."
Last year, Square Enix purchased Tomb Raider publisher Eidos and integrated it into its global makeup.
