Samurai bonds look to be fighting a losing battle

By Rashmi Kumar
18 Sep 2020

Samurai bonds have taken a big hit this year due to Covid-19, with deal volumes slumping by more than 75%. This has not only tested the resilience of the market — but also raised serious questions about its long-term prospects.

DCM bankers focusing on the Samurai bond market have not escaped the troubles of 2020. For the year to the end of August, Samurai issuance stood at the equivalent of $2.8bn from four deals — a big fall from the $11.9bn raised from 15 transactions by the same ...

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