A Record Bond in Japan May Spark Growth in Sleepy Market
- NTT will be world’s ninth biggest issuer in 2020 with yen deal
- Japanese automakers, telecom firms may sell more bonds: BNP
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A Japanese company is set to sell the nation’s biggest-ever corporate bond this week, but the relatively sleepy local credit market means the offering is still small compared with mega deals abroad. That may change in years ahead.
Nippon Telegraph & Telephone Corp.’s planned 1 trillion yen ($9.6 billion) note sale will put it at ninth place globally in terms of issuance size this year, lagging blockbuster deals such as Boeing Co.’s $25 billion sale.