Thursday, June 14, 2007

UPDATE 1-Record Citigroup offer shows Samurai bond revival

(Reuters) - TOKYO, June 14 - Citigroup is raising 270
billion yen in the biggest-ever yen bond sale by a
foreign company, highlighting a revival of the Samurai market.




The market -- yen bonds issued by foreign companies in Japan
-- is enjoying a revival. Tight spreads, good conditions in the
yen interest rate swaps market, strong investor demand and
favourable U.S. tax treatment of Samurais are behind the rush.


Read more at Reuters.com Bonds News

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