Sectors

Regional rebound forecast for samurai bond market

Date: 19 Jan 2010

Debt bankers highlight signs that Asia-Pacific’s samurai bond market is opening up having floundered after the 2008 collapse of Lehman Brothers. They expect activity to be more pronounced this year.

Keywords (click to search): [samurai bonds] [Asia-Pacific] [Westpac Banking corp.] [ANZ] [Daiwa Securities] [Mitsubishi UFJ Financial] [Nomura ]

Pamela Tang
Debt bankers expect Asia-Pacific’s samurai bond market to rebound this year after a slow 2009.

Samurai bonds are yen-denominated bonds issued in Japan by non-Japanese entities. The sector seized up after US investment bank Lehman Brothers collapsed in September 2008, leaving ¥195 billion (US$2.15 billion) of such debt outstanding.

And even after Asia-Pacific’s debt markets recovered last year, the samurai market remained slow. There were just seven samurai issues last year worth a total...

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