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Samurai Bond Sales Rise from Record Low as BOJ Holds Down Yields

  • Malayan Banking’s yen deal follows notes from KAL this month
  • Samurai debt sales climbed 47% in fiscal year ending March

Samurai bond issuance is rebounding from a record low as selling debt in yen for foreign issuers turned more favorable after the Bank of Japan diverged from a more hawkish pivot by many of its peers.  

Malayan Banking Berhad is currently marketing Samurai bonds, adding to a deal from Korean Air Lines Co. this year and a sovereign offering by Uruguay in December. Sales of the yen notes have risen 47% to 632.7 billion yen ($5.56 billion) so far in the 12-month period ending March 31 from the year-earlier period, according to data compiled by Bloomberg.