Citic opens Samurai market to China with ¥100bn bond

Bank_Samurai_230px
By Addison Gong
21 Oct 2016

Citic Group has become the first Chinese issuer to tap the Japanese yen market in 16 years, opening the door for borrowers from the mainland to access liquidity in the Samurai market.

The last Chinese Samurai bond was issued in 2000 by the sovereign. Citic Group, a state-owned conglomerate whose business spans finance and non-finance operations, last printed a yen bond in 1996, according to Dealogic. That was a triple-trancher comprising a ¥20bn ($193m) 2.75% 2001, a ¥10bn 3.7% 2005 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial