samurai bond

Samurai bonds provide access to a diversified and deep pool of capital.

Samurai bonds do not have to be left in the custody of securities companies or other institutions.

The bank had previously offered three issues of yen-denominated samurai bonds in the Japanese domestic market.

By the early 1990s, it was the largest handler of yen-denominated foreign debt (samurai bonds).

Samurai bonds have relatively lower interest rates.

The eligibility criteria for issuing Samurai bonds were not loosened until April 1985.

Japanese institutional investors can easily invest in Samurai bonds because they are issued in Japan.

Companies that have issued samurai bonds have found high administrative burdens placed upon issuing companies.

Ms. Bradbury said it was originally thought that the new money issue and the Samurai bonds would be sold at the end of March.

Because of the complexity of the financings in this deal, the city had to watch several factors to determine if selling the Samurai bonds would produce any savings.

A samurai bond is a yen-denominated bond issued in Tokyo by non-Japanese companies, and is subject to Japanese regulations.

And recent issues of so-called Yankee and Samurai bonds, which are denominated in dollars and yen, have sold well, raising reserves and confidence.

For the actual issuance of Samurai bonds, the Japanese Ministry of Finance set a quota per quarter year, and employed a queue system.

The city's decision to sell what are known in the business as Samurai bonds is one borrowing innovation that municipalities are considering in efforts to reduce their costs.

Merrill and Daiwa Securities were the lead underwriters for the Samurai bonds I.B.M. issued today.

The power firm said last year that it was considering raising funds through the issue of Samurai bonds, Eurobonds, Yankee bonds and Dragon bonds.

Samurai Bonds New York City will be pricing $917 million of bonds today or tomorrow, including $205 million of bonds denominated in yen.

Three weeks ago, the financing arm of the Xerox Corporation sold 130 billion yen of Samurai bonds, following companies like Fiat and countries like Argentina.

In Monday's announcement, Citigroup said it would sell the samurai bonds - yen-denominated bonds issued in Japan by foreign companies - in six allotments.

In addition, Samurai bonds provided an opportunity of issuing in two different currencies, as well as interest and principal were paid in ether of these currencies.

Reuters reported from Tokyo that The 5 billion yen, 10-year Samurai bond would be handled by a group of securities dealers led by the Daiwa Securities Company.

Citigroup said on Monday that it planned to sell 230 billion yen, or $2.1 billion, of "samurai bonds" to Japanese investors, the largest effort by a foreign company to raise capital in Japan.

A daimyo bond is a bond issued in Japan aimed at a domestic investor, but settled in Europe, in contrast to samurai bonds, which are issued and settled in Japan.

The sale of the Samurai bonds has been planned since the beginning of the year, when City Comptroller Elizabeth Holtzman traveled to Japan to test the market there and to promote the city's securities.

Walt Disney Co. plans to raise funds in the Japanese market for the first time with a 30 billion yen (290 million dollar) issue of samurai bonds as early as next month, a local underwriter said Friday.