Top Japanese Bond Managers See Another Strong Year for Sales
- Cheap funds, M&A deals to fuel corporate bond sales: survey
- Japanese company note spreads tighten to least since late 2022
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Japan’s top debt underwriters are predicting another strong performance for corporate and Samurai bond sales in the fiscal year starting April, regardless of what the central bank does on policy.
Borrowers have issued a record ¥16.6 trillion ($112 billion) from yen-denominated bonds in the year ending March 31, Bloomberg-compiled data show. Next fiscal year the total is seen staying high around ¥15.5 trillion to ¥17.6 trillion, according to a Bloomberg survey of Japan’s top five brokerages in terms of arranging debt deals.