Samurai bond issuance soared to a two-year high this month, as issuers tapped Japanese investors keen to secure higher yields in the Bank of Japan (BoJ)'s new world of negative interest rates.
The bumper issuance comes after a famine in March and April, when market participants paused to assess the drastically different pricing environment in the wake of the BoJ's unexpected policy announcement in late January.
Sales of samurai bonds - yen-denominated debt issued by non-Japanese entities - totalled 425.7 billion yen (US$4.07 billion) in June, the most since May 2014.
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The bumper issuance comes after a famine in March and April, when market participants paused to assess the drastically different pricing environment in the wake of the BoJ's unexpected policy announcement in late January.
Sales of samurai bonds - yen-denominated debt issued by non-Japanese entities - totalled 425.7 billion yen (US$4.07 billion) in June, the most since May 2014.
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