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Economy

Malaysia set to issue second samurai bond, Mahathir says

Japan offers access to 'cheap money' to repay debt and fund infrastructure

Malaysian Prime Minister Mahathir Mohamad and Japanese leader Shinzo Abe: Their governments are arranging another samurai bond issuance.    © Reuters
P PREM KUMAR, Nikkei staff writer | Malaysia

KUALA LUMPUR -- Malaysia is currently negotiating to issue a Japanese government-backed "samurai" yen bond for the second time, planning to use the funds to repay debt and build infrastructure, Prime Minister Mahathir Mohamad confirmed on Monday.

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