Euroyen bonds

Euroyen bonds

Eurobonds denominated in Japanese yen.

Euroyen Bond

A bond denominated in Japanese yen issued by a non-Japanese company outside of Japan. It is important to note that these are traded worldwide, not just in Europe. Euroyen bonds became more common after 1984, when Japan began opening its financial markets to foreigners. Like other Eurocurrency securities, Euroyen bonds are subject to fewer regulatory restrictions because the central bank that issued the currency (in this case, the Bank of Japan) does not have any jurisdiction over the yen because the bonds are issued and traded outside Japan. For example, an American company may issue a Euroyen bond to attract non-Japanese yen-investors for its financing needs. See also: Eurobond, Eurodollar.
References in periodicals archive ?
The new unit will serve as a major centre for overseas wholesale operations, such as underwriting Euroyen bonds issued by Japanese companies.
Nikko Cordial to establish London unit
The loss has stemmed from the investments in euroyen bonds and mutual funds into which bonds denominated in foreign currencies are incorporated, according to the group, widely known as Nippon Keidanren.
Nippon Keidanren incurs 2 billion yen evaluation loss on investments
28 /PRNewswire-FirstCall/ -- Aflac Incorporated announced today that it has issued Euroyen bonds totaling 45 billion yen, or approximately $384 million at the current exchange rate.
Aflac Incorporated Issues Yen-Denominated Bonds
He also said he plans to ask the Investment Trusts Association of Japan to devise stricter guidelines on risk management of money management funds (MMFs) as funds that incorporated euroyen bonds issued by Enron fell below par value following Enron's financial trouble.
Lower house committee starts debating bank woes
The MMFs, which incorporate euroyen bonds floated by U.
Nikko Asset to redeem MMFs that have fallen below par value
Some MMFs that incorporated Euroyen bonds floated by U.
FSA to review investment tools in MMF portfolio
As for massive cancellations of money management funds (MMFs) incorporating euroyen bonds of U.
FSA's Mori says banks don't need more public funds
Money management funds (MMFs) offered by four Japanese asset management companies have fallen below their par value of 10,000 yen due to the inclusion of euroyen bonds issued by Enron Corp.
MMFs fall below par value due to inclusion of Enron bonds
Investors on Thursday canceled more than 1 trillion yen in money management funds (MMFs) incorporating Euroyen bonds of U.
Investors cancel Enron-exposed MMFs worth over 1 tril. yen
Norinchukin Bank reportedly incurred losses of 4 billion yen on Euroyen bonds, however.
Dollar marginally lower against yen in Tokyo
said Tuesday it has incurred a loss of some 15 billion yen on its holding of Euroyen bonds linked to Russian government bonds.
TDK posts 15 bil. yen loss on Russia-linked bonds+
Asahi officials said the Dutch subsidiary, established in 1989, has raised funds through such methods as issuing Euroyen bonds worth 2-40 billion-yen range on guarantees provided by the parent company.
Asahi Breweries fined for 1.69 bil. yen income transfer
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