Central Bank to launch Samurai bond in November | Sunday Observer

Central Bank to launch Samurai bond in November

The Central Bank plans to launch a 60 billion yen (500 million US dollar) 10-year Samurai bond around November, Governor Indrajit Coomaraswamy said last week.

The bond will get a 95 percent guarantee from the Japan Bank for International Co-operation, which has Japan government sovereign risk.

Cabinet last week appointed three joint lead managers to sell the bondg - Mizuho Securities Company Ltd, SMBC Nikko Securities Inc and Mitsubishi UFJ Morgan Stanley Securities Co. Ltd.

“They are also expected to negotiate a competitive fee from JBIC,” Governor Coomaraswamy said. “We hope to get a good price because of that.”

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