Barclays leads Samurai surge with ¥143bn
Barclays Bank became the first of at least five European banks which are looking at the Samurai market to price a deal. Barclays issued a total of ¥143bn on Thursday morning, split over five and three year fixed and floating rate tranches.
All of the tranches were priced at the tight end of guidance, reflecting strong demand for foreign financial institutions, driven by a hunt for yield. However, Barclays sized the deal to demand, so there was no oversubscription.
Bookrunners Barclays Capital (Japan), Nikko Cordial, and Mizuho priced the deal at
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