Daiwa goes it alone ahead of earnings glut

By Bill Thornhill
12 Apr 2017

Japanese lender Daiwa was the only borrower to hit the US market this week ahead of an expected uptick in issuance as big US banks emerge from earnings blackout.

Daiwa Securities Group, rated Baa1/A-, printed a $1bn five year 144A/Reg S offering via JP Morgan and HSBC on Thursday and was the only financial name to hit the US market in the run up to the Easter holidays. Daiwa launched the deal at 130bp over ...

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