| Headline: Foreign issuers prove a strong draw in Japan Source: Euromoney Date: September 2001 Author: Jonathan Brown Despite the dire state of the Japanese economy, yen-denominated issues have maintained their popularity, providing borrowers useful diversity and a domestic investor base hungry for yield.
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. This year saw the largest-ever yen issue from a non-Japanese corporate – a ¥325 billion ($2.7 billion) two-tranche issue from France Telecom. The joint-largest single-tranche sovereign samurai issue also appeared – a ¥200 billion deal for the Federative Republic of Brazil. | |||||||||||||||||||||||||||||||||||||||||