Yokohama Financial Group Sells ¥12 Billion Notes as BOJ Rate Hike Spurs Regional Banks
Updated
Updated · Bloomberg · Jun 25
Yokohama Financial Group Sells ¥12 Billion Notes as BOJ Rate Hike Spurs Regional Banks
1 articles · Updated · Bloomberg · Jun 25
Summary
Yokohama Financial Group priced its inaugural senior bond on Thursday, selling ¥12 billion of three-year notes at a 27-basis-point spread over Japanese government bonds.
The deal comes as the Bank of Japan’s latest rate increase sharpens competition for deposits, pushing regional lenders to raise more funding in the bond market.
Shiga Bank and Shizuoka Financial Group are expected to follow in July with debut senior offerings of about ¥20 billion and ¥60 billion, signaling broader issuance by regional banks.