Japanese bond market braced for slowdown

26 May 2010

Six companies printed bonds worth a combined ¥250bn ($2.76bn) in Japan’s bond market this week, but bankers warned that domestic deals are getting harder to sell.

Kintetsu, Mitsubishi UFJ Lease, NEC Corp, NTT Finance, Softbank and Sojitz had all launched new issues by yesterday (Thursday). The total, however, was a big drop from the ¥335bn raised the week before and ¥657bn the week before that.

The deals show the resilience of the Japanese market ...

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