According to De Leon, the government can do a benchmark issue of between $500 million and $700 million in
samurai bonds, a portion of which can also be used to finance the budget.
In 2001, Argentina defaulted on a series of yen-denominated bonds while US brokerage Lehman Brothers failed to make good on its
samurai bonds in 2008.
The proceeds of the
Samurai bonds will be used by Exim Bank to fund Indian project exports to Sri Lanka for financing railway projects in Sri Lanka.
In January 2011, the country sold
Samurai bonds aggregating JPY18bn, which yielded 3.
The Philippine government is examining whether the earthquake that hit Japan will disrupt the country's plan to issue a benchmark-sized
samurai bond aimed at easing its budget deficit.
Major Northern European bank Kaupthing Bank hf, now under Icelandic state control, has missed interest payments on a
samurai bond, sources at a Japanese bank responsible for payment paperwork said Tuesday.
5 billion credit facility in Japan to fund acquisitions and is seeking a credit rating there to sell
Samurai bonds, itsAa chief executive has said.
FITIC showed poor redemption ability when it was late on interest payments for
samurai bonds in January and July of this year.
Last week, it was revealed that HITIC's 14 billion yen, seven-year
Samurai bonds, due September 2004, went into default Sept.
Korea Development Bank's Proposed JPY65 Billion
Samurai BondsDominguez had also said they plan to issue
samurai bonds, yen-denominated IOUs issued in Tokyo by non-Japanese firms towards the end of this year to 'diversify' the sources of external financing.
Summary: The A3 rating assigned to Maybank's senior unsecured
Samurai bonds is in line with Maybank's A3 foreign currency deposit rating.
