Echoes of a Lehman moment prompt more banks to look towards alternative funding in yen. But while the Japanese market remains stable, accessing it is not as easy as it seems
Large financial institutions can benefit from market volatility to take back old bonds at a discount, while smaller banks can only find refinancing solace through exchange offers
Offering more stable funding conditions than other global markets, Japan will host the new French deal in addition to several other yen bonds from foreign issuers
