Svenska sets stage for booming September in Samurai

Svenska Handelsbanken
By Nathan Collins
28 Aug 2014

Svenska Handelsbanken prefaced what is expected to be a busy September for Samurai issuance on Thursday. The issuer drew an oversubscribed book for a five tranche deal, with more deals expected to follow as issuers look to take advantage of a favourable basis swap.

The deal brings total Samurai issuance from financials this year to ¥1.3tr ($12.5bn), the highest year to date volumes since 2008 when ¥1.5tr of notes had been sold at this point.

“We’re in a very strong market at the moment,” said a DCM banker close to the deal. ...

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