TOKYO -- Rakuten Group is ramping up its refinancing efforts, launching a tender off of up to $1 billion for its bonds due in November while planning to issue new three-year bonds as it pushes back maturity dates.

The technology conglomerate faces redemptions totaling roughly 800 billion yen ($5.4 billion) between 2024 and 2025. The latest scheme is aimed at pushing back part of that redemption.