Svenska sets stage for booming September in Samurai

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. ...Already a subscriber? Login