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The article looks at the growth of Japan Finance Corp. for Municipal Enterprises (JFM) in the domestic and international bond markets. JFM does not borrow from the government and is considered the largest Japanese issuer in terms of outstanding paper. Part of its fundraising efforts are issuing bonds such as government guaranteed domestic bonds and private placement bonds. It provides loans to local governments specifically at fixed interest rates with a maximum maturity of 28 years and an average final maturity of 25 years.

The article reports on the strong performance of the Samurai market in August 2008, which enjoyed a diversity of issuers and investors. By the end of August, volumes were already ahead of the record issuance of 2007. The Samurai is rapidly emerging as the new king of the international Japanese bond markets. By August, 18 volumes of Samurai bonds had hit $17.48 billion from 27 deals.

The article presents the highlights of a roundtable involving a group of funding experts from leading Japanese borrowers held in Tokyo on August 31, 2009 in which they discussed the impact of the global financial crisis on the bond market. In particular, they talked about the impact of the crisis on their debt issuance strategy as well as on their domestic and international activities. Japan Bank for International Cooperation (JBIC) reported that they made a major return to the global bond market, pricing a 2.5 billion-dollar two year global bond issue.

The article focuses on the efforts of regional banks to improve their products and services in Japan. Bank of Yokohama has decided to extend its loans that accept intellectual property right as collateral. Long Term Credit Bank partly funded itself via the issuance of debentures to many regional banks. The non-recourse loan product of Shinsei Bank serves as its core area in its relationship with the regional bank community.

Reports on the growth of the Japanese securities market as of November 2003. Factors contributing to the market growth; Channels for commercial mortgage-backed securities; Effect of the mortgage-backed securities program of the Government Housing Loan Corp. (GHLC) on market participants. INSET: The devil is in the data.

Evaluates the international bond issuance of the city of Yokohama, Japan. Guarantor; Rating; Amount; Maturity; Issue price; Bookrunners' comment.

Presents several articles pertaining to international bond issues. Rating of the European Investment Bank; Issue price of Merrill Lynch & Co.; Emerging markets debt at Argentina; Bookrunner's comment on National Bank of Hungary; Market appraisal for the Republic of Turkey; Asset-backed securities in Japan; Guarantor of Countrywide Home Loans; Rating of Bank Nederlandse Gemeenten NV; Bookrunner's comment on General Electric Capital Corp.

The article focuses on international bonds issued by Japanese companies and government agencies in the domestic yen bond market in 2006. An obstacle to overseas issuance was the Prospectus Directive of the European Union (EU). The stabilisation of spreads and return of liquidity allowed issues by large firms in the domestic market. The issues by Japan Finance Corp. for Municipal Enterprises (JFM) and Development Bank of Japan (DBJ) proved that offshore yen market was attractive.

The article considers the participation of U.S. financial institutions in the Japanese Samurai bond market in 2005. The market has become the preferred market for big foreign issuers, chief among them is the Ford Motor Credit Corp. (FMCC), which sold a ¥ 160 billion in February. The FMCC issue proved that the market is receptive to credit and to large issuers. Aside from the automobile company issuer, other issuers in the market are European sovereigns, Asian credits and financial issuers.

The article reports on the 16 billion Japanese yen of short dated paper raised by Middle Eastern bank Emirates NBD from three private deals in June 2015, when it took advantage of growing demands among Japanese investors for Middle Eastern bonds.

The article discusses a report by Standard & Poor's Corp. on the resurgence in demand for samurai bonds, yen-denominated bonds issued in Japan by overseas entities, among institutional and retail investors in Japan. The samurai market benefits from a diverse issuer base and the perception that it is more efficient and transparent than the domestic corporate bond market. In addition, high liquidity, strong demand for paper among investors, and the search for attractive yields also bode well for the samurai market. Speculative-grade companies from the United States are predicted to be the next big wave of samurai bond issuers.

This article reports that International Business Machines Corp. (IBM) launched a Japanese-yen-denominated bond in the Japan capital market that is lead managed by Merrill Lynch and Daiwa SB Capital Markets. The corporate debt is priced at five basis points over Libor and carries a semi-annual coupon of 0.62 percent. The week of June 16, 2000 witnessed 195 billion yen in samurai issuance from IBM (140 billion yen), Household Finance (15 billion yen), and Fiat Finance and Trade (40 billion yen). Market conditions are favorable for the following reasons: foreign corporations' need for yen funding, high liquidity, the absence of domestic corporate paper, and appetite for credit.

The article reports on a hybrid capital security deal with ¥31 billion 50-year non-call five bond launched by Aeon Co. in Japan. The bond has two tranches with coupon step-ups of 100 basis points in year 10. It is said that the main objective of Aeon for launching the hybrid transaction is to expand the duration of its debt and improve its financial status.

Reports on the status of the Samurai bond market in Japan as of November 2003. Factors that contributed to the decline in the performance of the market; Impact of the Uridashi market on the Samurai bond market; Evidence of the cost competitiveness of the Samurai bond market. INSET: Top tier issuers find niche in structures.

Reports on the demand for Samurai bonds of Japan as of November 2003. Factors contributing to the lack of demand for the bonds; Emergence of the Uridashi market at the expense of the Samurai market; Participation of Croatia and Korea in the Samurai market. INSET: Top tier issuers find niche in structures.

Presents news briefs on bond issues by several banks in Asia and Australia as of October 26, 2001. Size of the fixed and floating rate note issued by the Commonwealth Bank of Australia; Preparations by the Korea Development Bank for its global bond issue; Launching of a collateralized loan obligation by Shinsei Bank.

The article reports that higher rated global financial institutions from Europe and Australasia have supplanted the dominant U.S. issuers of Samurai bonds. Japanese investors, brimming with a new-found confidence in their credit skills, are in the process picking up spreads far excess of comparable domestic credits. One of the biggest changes in the Samurai market in 2008 has been the arrival of Australian financial institutions in force.

Focuses on the offshore Japanese yen market as of December 2004. Volatility of the offshore yen market according to Steve Apted, head of syndicate in Daiwa SMBC Europe; Issuance of Japanese government bond (JGB) by financial firms GECC and AIG; Impact of the issuance of JGB to Italy on the yen market.

The article reports on the decision of Japan's Mitsubishi UFJ Asset Management Company and Brazil's Bradesco Asset Management to set up a mutual fund that will invest in Brazilian bonds. The move is intended to tap the growing pool of Japanese retail investors demanding Brazilian real-denominated paper. The launch is considered timely as the Brazilian market is attracting renewed interest from retail investors in both its fixed-income and equity markets.

The article presents updates on the capital market as of February 2012. The 2012 medium term note (MTN) funding effort of the Autonomous Community of Aragon was launched with a long dated note paying a coupon of more than 7 percent. Japan Finance Organisation for Municipalities has a sold a quartet of five year notes to investors in the region. A 25 million U.S. dollar floating rate note was launched by Daiwa Capital Markets.

The article deals with the sale of ¥60 billion of Euroyen bonds repackaged into Uridashi format by General Electric Capital Corp. (GECC) to allow most of the issue to be distributed in Japan. The withholding tax treatment uncertainties in 2006 forced GECC to consider alternative methods of tapping domestic Japanese investors. The floating rate note (FRN) tranche was added in response to reverse enquiries from investors. It offers enough spread and trades at Libor plus.

The article recalls the sale of a global Japanese yen bond issued by Pfizer in February 2006. Mitsubishi UFJ Securities International was the joint bookrunner on both five and 10-year tranches. The pricing, which were above yen London Interbank Offered Rate (Libor), was attractive to Japanese investors. The deal received support from cash buyers despite the volatility of the yen market that time.

The article focuses on the popularity of yen-denominated bonds despite problems in the Japanese economy. In Japan the economy continues to sink towards recession, banks struggle under the weight of bad debts and companies edge towards painful restructuring. Although the size of issues reflects a general trend in the international bond markets for smaller deals, the yen market is still capable of making headlines. Even for higher-rated names, changing conditions in Europe, such as the attack by the European Union on the protected status of Germany's Landesbanks have caused an increase in funding costs. While the appetite and cash for investing persists in Japan, and funding requirements and economic conditions for domestic corporates remain the same, both Euroyen and samurai issues will continue to be a source of funds for non-Japanese borrowers.

Reports that the pace of yen borrowing in international markets and in the Japanese domestic market by non-Japanese issuers has slowed in 2001. Key factor for the strong reception for a variety of foreign borrowers; Why foreign investors are attracted to samurai bonds rather than global bonds.

The article focuses on the industrial region of Shizuoka in Japan and how it fared in the global economic downturn as of 2010. It cites that the region is ranked third when it comes to the value of industrial product shipments. Also mentioned is the high credit ratings being given to Shizuoka. In an interview with the members of the finance and treasury team of Shizuoka, they offered their views on the bond issuance activities and future plans of the prefecture.

The article reports on the economic turbulence in the euro market where sovereign, supranational and agency issuers (SSAs) postponed bond issues while dollar opens. Eurofima, an issuer of long dated bonds realized that a-10 year proposition would be tough due to market conditions. The Japan Bank for International Cooperation issued a $1.5 billion five year bond, a dollar deal with Japanese government-guaranteed issuer. L-Bank issued a three-year Eurodollar bond from Bank of America, JP Morgan and Morgan Stanley.

Provides information on the bond offerings issued at the Samurai market in Japan. Factors which led to increase in the demand for the coupon bond offering of Korea Development Bank; Terms of the bonds issued by the Republic of Croatia; Credit rating given by Standard & Poor's for Petroliam Nasional Berhad.

Provides data concerning international euro-denominated bonds launched by Japan Finance Corp. for Municipal Enterprise on February 16, 1999. Rating and amount; Coupon and maturity; Issue price; Fixed re-offer price; Spread at re-offer; Lead manager; Comments of borrower and bookrunner; Market appraisal.

The article reports that sovereign, supranational and agency (SSA) bond issuers are preparing yield-enhancing, structured Uridashi bonds for 2014 in an attempt to attract Japanese investors. Topics discussed include borrowers' reconsideration of their swap arrangements, SSA credits' consideration of two-way Credit Support Annexes (CSA), and the abandonment of previous one-way CSA documentation. The Japanese government's strategy to increase the country's monetary base is also mentioned.

Mitsubishi UFJ Financial Group is the latest Japanese bank to market a green bond in euros, with a five year senior trade. Proceeds are earmarked for renewable energy projects. [ABSTRACT FROM AUTHOR]

The article focuses on a plan by Banco do Brasil to take advantage of the success of its Euroyen deal on September 14, 2012 by strengthening its relationship with Japanese investors. A three-year bond was issued by Banco do Brasil in the yen market. Daniel Alves Maria of Banco do Brasil explains the bank's decision to issue in yen. Information on the price guidance of the deal is provided, as well as the limitation of the Euroyen format.

The article reports on the five-year global bond issued by Japan Bank for International Cooperation (JIBC) on July 11, 2012. Barclays has been dismissed from the JBIC deal as a result of the Libor scandal. It notes the scarcity of Japanese government guaranteed (JGG) debt in 2012. It also notes that the lack of exposure to Europe is another reason behind the appeal of JBIC.

The article reports on the Samurai bonds issued by GE Capital Corp. (GECC) and France Télécom (FT) in the Japanese domestic market. According to bankers, GE obtained higher funding rates than its secondary levels. FT Group Treasurer Jean-Michel Thibaud noted that the bond fits the diversification strategy of the company. The floating and fixed rate notes received positive response from investors.

An interview with Yoichiro Yokoyama and Takeshi Kusanagi of the Development Bank of Japan (DBJ) about how they and their colleagues were adapting the funding strategy of DBJ to cope with the global financial crisis is presented. When asked whether the emergency loan programme has affected the capital position and funding of DBJ, they said that DBJ stands on a strong capital base. They also discuss how investors responded in terms of liquidity and pricing their domestic and foreign bond issues.

The article discusses the financial position of Development Bank of Japan (DBJ). Bookrunners believe a new law which will basically lead to DBJ being partially privatised in October 2008, will be a rare opportunity to buy 0 percent risk weighted DBJ bonds before privatisation. This entry includes information on the company's rating, spread to re-offer and maturity date. Joint books of DBJ include BNP Paribas and Citigroup.

The article interviews Yoichiro Yokoyama, director general of the treasury department of the Development Bank of Japan in Tokyo. He says that the bank has issued a 20 year global yen deal in June 2006 which indicates its strength in the international bond market. He cites the changes in investors' perception of the domestic bond market. He states that there is a possibility that the bank will follow its route towards full privatisation in the 2013-2015 period.

The article provides on the yen-denominated bonds issued by Norddeutsche Landesbank in the Japanese bond market. The payment date of the bonds will be on January 19, 2009. UBS is the sole manager for the bond issue. The main buyers of the issue are European accounts with Japanese yen holdings.

Provides information on a bond issued in Japanese yen by General Electric Capital Corp. Maturity of the bond issue; Issue price; Lead manager of the deal.

Reports on a transaction launched by HBOS in the Japanese government bond market. Details on the bank's non-call five lower tier two issue; Response to the transaction; Information on the international yen market; Views on the transaction.

Reports on the Reg S transaction for NTT DoCoMo's bonds in the dollar bond market in Japan. Attitude of investors toward NTT DoCoMo; Accounts involved in the transaction; Price of the bonds; Result of the five year two month bond issued by NTT DoCoMo.

Interviews Toshikazu Funo, director in the accounting and treasury department at the Tokyo Electric Power Company about being content to issue bonds in the domestic market. Amount of debt funding budgeted for 2002; Issues that the company is making in the domestic bond market of Japan; Investor demand in the local corporate bond market; Transactions made during the first half of 2002.

Interviews Kazuhiro Takahashi, director of the Office of Financing and Planning, regarding the sale of a global Euroyen issue by the Development Bank of Japan. Explanation on the timing for the global bond issue in June 2002; Impact of the ratings' downgrades on the distribution and pricing of the issue; Details on the funding requirements for the fiscal year 2002/2003; Comparison between the cost of funding from domestic banks and the public bond market in Japan.

Talks about the launch of the bond issue of BNDES in Japan in June 2001. Duration of the deal; Cost of the issue; Information on the price and spread of the issue.

The article offers information on the of Mitsubishi UFJ Financial Group's efforts to do business in the European banking industry. Topics discussed include the conditions of the banking industry in Japan, the investment in several bonds in Europe by the company, and the views of Phil Roberts, head of Europe, the Middle East and Africa (EMEA) region's investment banking for the company.

Reports on the government debt, economic stagnation and the traditional monetary policy in Japan. Impact on the way different classes of issuers are approaching the debt capital markets; Challenges facing the issuers; Discrimination in the issuance of bonds among agencies in Japan.

Reveals the factors boosting the demand for bonds denominated in Japanese yen. List of corporate bonds from May 1 to August 31, 2000; Low interest rate policy pursued by the Japanese government; Mark-to-market disclosures required by the United States Financial Accounting Standards Board.

The investor base for subordinated Samurai bonds is growing, with BPCE's debut in the format -- the triple trancher is just the second ever Samurai sub deal to comply with Basel III -- unearthing investors that do not traditionally participate in FIG deals [ABSTRACT FROM AUTHOR]

The article discusses the trend among Japan-based warrant-bond issues to gravitate to the market in London, England in spite of observers' views that the London's warrant-bond market is too small to accommodate the Japanese issues. Since 1986, London has handled nearly 1000 Japanese issues--compared to only 14 in Tokyo. Yet on the face of it, Tokyo is the logical underwriting city because the final demand for the paper is in Japan. The Tokyo underwriting business has become hamstrung by regulatory red tape. all that can have changes as the Japanese Ministry of Finance is showing signs to maneuver the trend to bring the entire business onshore. However, players from London are unworried. Companies such as Barings Securities maintains that issuers will keep coming to the city because they have had good experiences with previous issues. The bureaucrats' real concern, as Tokyo-based fund managers point out, is that if the London flood continues unabated it might destabilize the entire Tokyo stock market.

Highlights several deals of various financial firms in the Samurai market in Japan. Completion of Samurai bond for the Republic of Hungary by Daiwa and Nomura International in June 2004; Launch of Samurai bond by General Motors Acceptance Corp. in November 2003; Sale of Samurai bond by Merrill Lynch in June 2004. INSET: Catering for many investor bases.

Focuses on the demand for Samurai medium term note in the debt capital market in Japan in 2004. Views of Jesse Bhattal, CEO for Asia at Lehman Brothers, on the ability of the Japanese government to fund its continued budget deficits; Shortage of corporate bonds in the market; Marginalization of the Yen public market.