Capital Markets

Japan's banks boosting dollar procurement to record levels

TOKYO -- Japanese banks are aggressively raising dollar-denominated funds as they increasingly lend money abroad. They issued $20.3 billion in bonds last fiscal year, up 30% on the year and an all-time high. Overseas lending by the top three ...

  • Pakistan prices $2B bond: Dealogic

    Pakistan on April 8 priced a $2 billion bond via bookrunners Bank of America Merrill Lynch, Barclays, Citi and Deutsche Bank.

  • In first, Japanese investors turn net sellers of foreign bonds

    TOKYO -- Foreign bonds fell prey to net selling by Japanese investors in fiscal 2013 for the first time since comparable data became available in fiscal 2005. The net selling of overseas medium- to long-term bonds reached 4.85 trillion yen ($46.7...

  • Sinopec Group Overseas prices five-tranche $5 billion bond: Dealogic

    Sinopec Group Overseas Development on April 2 priced a five-tranche $5 billion bond via bookrunners JPMorgan, Goldman Sachs, Morgan Stanley, HSBC, RBS, China Construction Bank, UOB, Commonwealth Bank of Australia, China Merchants Securities, SG CIB, ...

  • Japan gets first private debt fund

    TOKYO -- A Tokyo asset management company has launched the nation's first independent private debt fund, a type of fund that gained prominence in the West after the 2008 financial crisis. The fund will buy loans, including those to "watch list" b...

  • Bank of Japan's monetary easing plans may be seen in current account balance

    TOKYO -- Tokyo stocks closed above 15,000 on Thursday for the first time since March 11. Various factors have contributed to the recent rise in Tokyo shares, including the weaker yen, strong U.S. stocks and improved supply-and-demand since the be...

  • Bank of Japan hard-pressed in effort to boost money supply

    TOKYO -- A year after embarking on its unprecedented quantitative easing program, the Bank of Japan is facing greater difficulty maintaining the monetary base through market operations. It has become commonplace for the central bank's fixed-rate ...

  • JGB trading seen nearing record lows in fiscal 2013

    TOKYO -- Turnover of Japanese government bonds has dropped markedly in the year since the Bank of Japan launched its unprecedented quantitative easing policy, with the central bank's massive asset purchases draining the pool of JGBs available to be t...

  • MUFG becomes latest megabank to ready 'bail-in' bond

    TOKYO -- Mitsubishi UFJ Financial Group is preparing to issue debt that counts as capital under new international standards, joining its fellow Japanese megabanks. MUFG filed a registration Wednesday with the Kanto Local Finance Bureau that will ...

  • Japanese banks the world's healthiest: incoming bank lobby chief

    TOKYO -- Japan's financial institutions are more sound than any other country's, Nobuyuki Hirano, incoming chairman of the Japanese Bankers Association, told The Nikkei in an interview. He also asserted that there are significant differences betw...

  • ADB prices 1.5 billion euro supernational bond: Dealogic

    Asian Development Bank on March 25 priced a 1.5 billion euro ($2 billion) supernational bond via bookrunners BNP Paribas, Deutsche Bank, Goldman Sachs and HSBC.

  • Yields seen rising on JGBs with more time left

    TOKYO --Yields on Japanese government bonds with more than 10 years remaining until maturity will likely start climbing next month or later because of a looser supply-demand balance as the central bank cuts back on buying. The government is slate...

  • REIT bond issuance in Japan likely up 57% on year

    TOKYO -- The total value of bonds issued by Japanese real estate investment trusts for fiscal 2013 will likely jump 57% on the year to 154.8 billion yen ($1.5 billion), its highest since fiscal 2010. Property acquisition ran its course by the end of ...

  • Investors see interest rates falling on BOJ activity

    TOKYO -- For the first time in nearly three and a half years, a majority of investors are expecting Japan's interest rates to decline, according to a survey of institutional investors conducted by Mizuho Securities in March. The survey's diffusion in...

  • SMFG to issue Basel III-compliant subordinated debt

    TOKYO -- Sumitomo Mitsui Financial Group is readying an issue of debt that meets new international standards for bank capital. The offering next month is expected to weigh in at around $1 billion. SMFG will decide the terms as early as Thursday. ...

  • Japan's Matsuda Sangyo pegged for 4% profit gain in fiscal 2014

    TOKYO -- Matsuda Sangyo Co., a Japanese firm primarily engaged in recycling precious metals from electronic components, is expected to see a group pretax profit of around 5.2 billion yen ($50.3 million) next fiscal year, up 4% over its anticipated f...

  • Japanese investment in foreign securities hit new high in 2013

    TOKYO -- The value of outstanding Japanese investment in foreign securities rose 18% to reach a record 478 trillion yen ($4.63 trillion) at the end of last year, Bank of Japan data released Tuesday shows. Institutional and retail investors alike ...

  • BOJ close to eclipsing insurers as top holder of government bonds

    TOKYO -- The Bank of Japan's holdings of government bonds continue to grow at a rapid clip, putting it on pace to become the largest owner of these instruments. This raises concerns about repercussions such as diminished market liquidity and side...

  • Market looks more to Bank of Japan's policy magic

    TOKYO -- "So far, so good," a senior Bank of Japan official said, in English, in a recent meeting with private economists. It has been almost a year since the BOJ launched its quantitative and qualitative monetary easing. The bank's policy of pu...

  • China Minsheng Banking issues 20 billion yuan bond: Dealogic

    China Minsheng Banking Corp. on March 18 issued a 20 billion yuan ($3.3 billion) Basel III-compliant bond via bookrunners Industrial & Commercial Bank of China, Haitong Securities and UBS securities.