Updated

Updated · Nikkei Asia · Jul 21

Japanese Companies Lift Convertible Bond Issuance to $6.8 Billion, Highest in 22 Years

Updated

Updated · Nikkei Asia · Jul 21

Japanese Companies Lift Convertible Bond Issuance to $6.8 Billion, Highest in 22 Years

2 articles · Updated · Nikkei Asia · Jul 21

$6.8 billion of Japanese convertible bonds were issued in January-June, putting the market near levels not seen in more than two decades.
Foreign investors are driving the surge as they seek equity-linked exposure while limiting the risks of buying stocks outright.
Advantest underscored the trend in April by raising 100 billion yen through a convertible bond sale.
The pickup signals stronger demand for hybrid financing in Japan as companies tap overseas money and investors look for safer ways into the market.

Sources

Right100%

Nikkei Asia1d ago

Japanese Convertible Bond Issuance Hits 22-Year High on Foreign Inflows

Japanese banks have been reluctant to participate, as their funding base is in yen, and obtaining huge amounts of U.S. dollars for big long-term infrastructure projects can be costly for them.

Is Japan's bond boom a sign of corporate confidence or a hedge against a potential market downturn?

As Japan's firms raise billions, is this capital fueling a new tech and defense race in Asia?

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Sources

2 total

Right100%

Nikkei Asia1d ago

Japanese Convertible Bond Issuance Hits 22-Year High on Foreign Inflows

Japanese banks have been reluctant to participate, as their funding base is in yen, and obtaining huge amounts of U.S. dollars for big long-term infrastructure projects can be costly for them.

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