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.
Banque Federative du Credit Mutuel and Societe Generale found no shortage of Japanese appetite for their Samurai bonds last week, despite concerns that the two French banks would have to compete for investors’ attention.
Russian gas giant Gazprom plans to hold a series of meetings with investors in Japan in the second week of October about a possible yen-denominated bond issue, Interfax reported.
BNP Paribas, rated Aa3/A/A+, sent shockwaves through the yen bond market last week with a benchmark offering that challenged two deep-seated Japanese traditions.