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Samurai bond priced

Samurai bond priced

Samurai bond priced

The Ministry of Finance priced today a two-tranche bond denominated in Japanese yen for an aggregate nominal amount of JPY 66 bn:

  • a 5 year bond of a nominal amount of JPY 56 bn maturing on 8 November 2017 which was priced at 67 basis points over the swap rate what implies a yield of 1.05 per cent,
  • a 15 year bond of a nominal amount of JPY 10 bn maturing on 8 November 2027 which was priced at 117 basis points over the swap rate what implies a yield of 2.50 per cent.

The issue price was set at par.

The bonds have been allocated mainly to Japanese institutional investors such as: banks, insurance companies, funds and public institutions.

The lead managers on the transaction were Nomura and SMBC Nikko. The transaction will be settled on 8 November 2012.
 

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