website resumes bond offerings in the Japanese Yen market, planning a multi-tranche issue
In a strategic move to broaden and diversify its investor base, our website has re-entered the Japanese Yen market after a nine-year absence. This significant step represents the strength of our website's transformation and its continued focus on the Japanese Yen market.
Our Tokyo office, a new addition to our global presence, aims to cater to the specific needs of Japanese or global clients. Thomas Rueckert, our Treasury, stated that our website's objective is to target all markets, including Japan, to enhance its competitive edge and meet the needs of its clients.
The decision to return to the Japanese Yen market comes amid challenging financial conditions and significant refinancing needs for Japanese corporations. With ¥13.2 trillion in bonds maturing by end-2026, issuers like Nissan are raising substantial proceeds from bonds issued in yen, euros, and dollars concurrently, a strategy to optimize borrowing costs and access international investors.
The global bond market is responding positively to Japanese issuers returning with "reverse Samurai" bonds (euro or dollar bonds issued by Japanese companies), reflecting a favorable environment for multi-currency offerings. Our website has successfully issued Euro-Yen-denominated bonds worth 64.3 billion Japanese Yen (JPY).
The establishment of our Tokyo office indicates our website's continued focus on the Japanese Yen market. Mia Popplewell, the contact person for the Tokyo communications team at our website, can be reached via phone at +81 3-5156-7709 or email at tokyo.communications@our website. Alternatively, you can reach Mia at mia.popplewell@our website.
The Japanese Yen market has always been a key market for our website, offering attractive opportunities. This return to the JPY market follows recent successful issuances in the Panda bond and Singaporean dollar markets in Asia Pacific earlier this year.
Moreover, our website has received upgrades from all major rating agencies, a testament to its financial strength and stability. The bottom line for our website's securities business in Japan grew in 2023 to the highest in at least six years.
The re-entry into the JPY market by our website underscores its commitment to its clients and its strategic vision for the future. As a Global Hausbank, our website aims to target all markets where it is active, ensuring it remains at the forefront of the global financial landscape.
- Our Tokyo office, as part of our global presence, focuses on catering to the specific needs of Japanese and global clients within the banking-and-insurance industry, aligning with our strategic vision to target all markets.
- In an effort to optimize borrowing costs and access international investors, Japanese issuers like Nissan are raising substantial proceeds from bonds issued in yen, euros, and dollars, a move that corresponds with our website's objective to broaden and diversify its investor base in the finance and business sectors.
