Mizuho, SMFG Push Japanese Foreign Bond Sales to Record $54 Billion
Updated
Updated · Bloomberg · Jun 30
Mizuho, SMFG Push Japanese Foreign Bond Sales to Record $54 Billion
2 articles · Updated · Bloomberg · Jun 30
Summary
$10 billion of US-dollar debt priced by Mizuho Financial Group and Sumitomo Mitsui Financial Group on Monday lifted Japanese companies' foreign-currency bond issuance to about $54 billion for the quarter ending June 30.
That total is up more than 80% from a year earlier and marks the first time Japanese corporate foreign bond sales have topped $50 billion in any quarter in Bloomberg data going back to 1999.
Japanese companies are turning to deeper overseas debt markets to finance growth, with the two megabanks' deals providing the final push to a record quarter.