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Sunday, 22 October 2017

Takahiro Okamoto' s stories

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  • Aflac serves generous spread

    Aflac serves generous spread

    Bonds | 20 October 2017

    US insurer Aflac last week paid its second visit of the year to the yen market, this time for an offering of hybrid Global yen bonds – a first from a foreign life insurer.

  • Swap costs shrink Samurai market

    Swap costs shrink Samurai market

    Bonds | 06 October 2017

    Japan’s Samurai bond market has shrunk by ¥490bn (US$4.3bn) so far this year as overseas issuers have turned to other markets for refinancing.

  • BFCM issues its largest Samurai

    Bonds | 06 October 2017

    Banque Federative du Credit Mutuel sold ¥127.1bn (US$1.13bn) of Samurai bonds last week, its largest issue since its market debut in July 2011.

  • Pot system catches on in Japan

    Top News | 18 August 2017

    Japan’s growing appetite for overseas bonds is raising a debate over the role of global DCM practices in the yen markets.

  • Man walks by advertisement for Corning Gorilla Glass 3

    Yen market welcomes Triple B Corning

    Top News | 04 August 2017

    Corning, rated Baa1/BBB+ (Moody’s/S&P), raised ¥78bn (US$708m) on Friday from its first yen bond issue, opening the door for other Triple B multinationals to fund their Japanese operations.

  • Samurai

    Basis swaps raise Samurai tide

    Top News | 30 June 2017

    The recent improvement in cross-currency basis swaps is benefiting both yen issuers and investors as foreign borrowers are able to offer relatively juicy spreads while still matching their funding costs in their home currencies.

  • BPCE

    BPCE looking to issue retail Samurai

    Ticker | 30 June 2017

    BPCE has filed an amended shelf registration ahead of a potential retail offering of five-year senior non-preferred Samurai bonds.

  • BPCE gives Samurais a Social twist

    Bonds | 23 June 2017

    BPCE last week became the first foreign bank to sell Social bonds in the Samurai market.

  • Basis swaps pave way for Samurais

    Bonds | 16 June 2017

    Dollar/yen basis swaps have tightened rapidly in recent weeks, providing encouragement for prospective Samurai issuers.

  • Asahi completes jumbo yen deal for M&A

    Ticker | 07 June 2017

    Asahi Group Holdings raised ¥280bn (US$2.56bn) in a four-tranche bond transaction, with the proceeds to be used for the acquisition of breweries in five Central and Eastern European countries.

  • Abe waves to children with Indonesian and Japanese flags at the Bogor Palace

    Indonesia brings first public Samurai since 1983

    Top News | 02 June 2017

    The Republic of Indonesia last week priced its first public Samurai bond issue in more than 30 years, raising ¥100bn (US$896m) in a popular three-tranche offering.

  • Passers-by walk in front of a branch of French bank Credit Agricole in Marseille

    Credit Agricole sets Samurai record for European financial

    Ticker | 02 June 2017

    Credit Agricole raised ¥203.9bn (US$1.8bn) from the Samurai market with an issue of two-tranche senior non-preferred notes and three-tranche senior preferred bonds.

  • Societe Generale reopens Samurai market

    Bonds | 19 May 2017

    The new issue drought in the Samurai market came to an end last week, as Societe Generale sold senior non-preferred bonds and more foreign issuers lined up yen financings.

  • Societe Generale headquarters

    Societe Generale reopens Samurai market

    Ticker | 19 May 2017

    The new issue drought in the Samurai market came to an end this week, as Societe Generale sold senior non-preferred bonds and more foreign issuers lined up yen financings.

  • Swaps herald more yen issuance

    Bonds | 31 March 2017

    A substantial tightening of Japanese yen/US dollar basis swaps since late January has led some bankers to expect international debt issuance in yen in the near future.

  • European politics trump Asian demand

    Bonds | 24 March 2017

    Japanese investors, who were big net buyers of French sovereign bonds for most of 2016, have been reducing their positions since November, contributing to a dip in Asian allocations on recent SSA offerings.

  • Japanese lifers diversify credit holdings

    Bonds | 17 March 2017

    Two major Japanese life insurers, Meiji Yasuda Life and Nippon Life, have unveiled plans to diversify their credit investments, with a special focus on socially responsible debt, in a move that bankers say could expand global appetite for yen products.

  • Starbucks feeds the yen for SRI

    Starbucks feeds the yen for SRI

    Top News | 10 March 2017

    Starbucks answered Japan’s growing demand for socially responsible investing last week when it chose to launch the country’s first sustainability notes in its maiden international bond offering.

  • BNP Samurai defies French fears

    Bonds | 24 February 2017

    BNP Paribas rose above French political worries to raise funds in the Samurai market last week. The bank priced ¥50.6bn (US$448m) of two-tranche senior non-preferred Samurai bonds on February 23 through joint lead managers BNP Paribas, Daiwa, Mitsubishi UFJ Morgan Stanley,

  • Tepco

    Tepco hires banks for first bond sale since disaster

    Ticker | 10 February 2017

    Tokyo Electric Power Co (Tepco) has mandated six banks for its first debt offering since the 2011 Fukushima nuclear disaster, according to DealWatch, a Thomson Reuters publication.

  • BPCE brings first senior non-preferred in yen

    Bonds | 20 January 2017

    BPCE priced ¥142.7bn (US$1.2bn) of three-part Samurai bonds via Daiwa, Mizuho, Natixis, Nomura and SMBC Nikko, in a deal that marked the first of its kind in yen.

  • A man walks past a branch of the Australia and New Zealand Banking Group Ltd (ANZ) in Sydney.

    ANZ, NAB back with jumbo Samurais

    Bonds | 13 January 2017

    Australia and New Zealand Banking Group led Australia’s major lenders back to the yen market last week with the biggest Samurai bonds offering since 2014.

  • A panel displays the Hang Seng Index

    British vote causes wild swings in Asian credit, currency

    Ticker | 24 June 2016

    The pound plunged 10% to its lowest level against the dollar since 1985 and US Treasuries tightened more than 20bp as the UK voted to leave the European Union.

  • Kuroda

    BoJ Kuroda: Not targeting currencies

    Capital City | 19 June 2015

    Many of the questions BoJ Governor Kuroda was asked at the press conference were about the remarks he made last week about real effective exchange rates and why the central bank decided to reduce the number of policy meetings from January 2016 on.

  • Lloyds

    Lloyds launches ¥95bn in dual-tranche Samurai

    Capital City | 12 June 2015

    Lloyds priced 5- and 10-year Samurai bonds. The size is a quite big ¥88.8bn for 5s and ¥6.2bn for 10s.

  • Yen

    DERIVATIVES: JPY swaptions surge on extended JGB sell-off

    Capital City | 16 February 2015

    Japanese yen swaption premium values surged during the two-week period ended on 16 February due to the continued sell-off in JGBs amid the decline in risk tolerance among dealers. The selloff had started after the 20-year auction on 22 January. Weaker-than-expected results of last Friday’s 5-year auction caused caution towards tomorrow’s 20-year auction to increase further, providing swaptions with an extra push higher.

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