BNG ponders more yen as investors go long

By Kathleen Gallagher
24 Apr 2014

Bank Nederlandse Gemeenten is considering selling more private placements in Japanese yen this year after selling its longest ever note in the currency on Wednesday. The borrower won’t be short of demand for longer dated notes as Japanese investors are looking beyond their home market, according to MTN bankers.

“Japanese investors are desperate for yield,” said an MTN banker. “They aren’t finding it at home so they are putting more of their money offshore. But they are still keen to buy sovereigns, supranationals and agencies so they are looking to buy longer notes." 

BNG took advantage of the ...

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