Takahiro Okamoto is an analyst for IFR Markets, IFR’s real-time market commentary service, and reporter for International Financing Review based in Tokyo. Takahiro has worked for Thomson Reuters since 2000 initially covering the Japanese money market, then yen interest rate swaps, swaptions, and JGBs. From 2011 to 2016, he contributed yen swap commentary on a daily basis to DealWatch, Thomson Reuters’ Japanese language publication, and Reuters News. In 2016, he started covering the international yen debt capital market including Samurai.
BPCE returned to the yen market via one of its usual windows to raise ¥163.6bn (US$1.496bn) from a five-tranche Samurai transaction, the French bank’s biggest Samurai deal since its debut in 2012 and pushing the overall total raised past the ¥1trn milestone.
National Australia Bank, rated Aa3/AA–, drew robust demand of ¥120.3bn (US$1.1bn) from Japanese investors for its latest Samurai bond offering after it followed BNP Paribas in testing a shorter-than-usual marketing period.
Yen bond issuance rebounded in 2018 as geopolitical tensions eased and global issuers capitalised on better swap rates and rising Japanese risk appetite. For doing more than its peers to connect issuers and investors, Mizuho Securities is IFR’s Yen Bond House of the Year.