Samurai market

Samurai market

The foreign market in Japan.

Samurai Market

Informal; a stock market in Japan. The term is most often used by those outside of Japan.
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Manila's offering in 2018 marked the Philippines' return to the Samurai market after an eight-year break, and the first time in nearly two-decades that it has issued yen-denominated notes on a stand-alone basis.
De Leon said the government was diversifying its funding sources, hence the return to the samurai market.
The country also recently returned to the public Samurai market, for yen-denominated securities, after an eight-year break.
According to the DOF, the offering marked the government's successful return to the samurai market after an eight-year break.
The 'samurai market' has been exciting for many years but mostly for developed markets sovereigns and corporates.
Rabobank is the largest Samurai issuer (with current outstandings of JPY 883.8bn in senior unsecured form) and is seen by Japanese investors as the best positioned European bank to open the Samurai Tier 2 market, given its long-standing commitment to the Samurai market, investors familiarity with its strong credit profile, existing Tier 2 curves in Euro and USD and Rabobank s successful track record at executing innovative bank capital transactions.
the Japanese Government through JBIC but also credibility of the BCT as a frequent issuer on samurai market from 1994.
The bond, priced at 3.875%, was part of a refinancing programme executed by TAQA, which also included the issuance of a $200mn five-year term loan to the Japanese Samurai market and a E180m ($138mn) 10-year private placement note.
The subject 10 year bonds were part of a refinancing program executed by TAQA, which also included the issuance of a USD 200 million 5 year term loan to the Japanese Samurai market and a Euro 180 million 10 year private placement note.
Non-Japanese issuers have been showing interest in tapping the samurai market, as yields on safe-haven Japanese government bonds have been pinned to historically low levels, helping contain issuance costs relatively at low levels, and Japanese investors are keen to receive premiums, provided the issuers meet their criteria.
The Philippines last year made its first foray in China's panda market and returned to Japan's samurai market to end an eight-year absence.
Overwhelming demand from both onshore and offshore investors in the Samurai market also met the Philippines' yen-denominated bond issuance last August.