Japan

Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.

Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.

Japan's economy may not be the envy of the world, but its banking sector is on the up. While European banks are pulling in their horns, especially in Asia and the US, Japanese institutions are expanding. Nobuhide Hayashi, president and chief executive of Mizuho Bank, talked to GlobalCapital's Toby Fildes in Tokyo about the bank's determination to globalise its management style — and also about whether Abenomics can scrape Japanese growth off the floor, the worrying situation in China and the danger of procyclicality in regulation.

BNP Paribas’ former co-head of fixed income has resurfaced at New York headquartered M&A advisory shop Foros as a senior advisor.

Goldman Sachs and Sumitomo Mitsui Trust raised $500m of five year funding this week using a novel triple recourse special purpose vehicle called SumitG.

Japan Post Holdings has priced its IPO at the top of the range to raise ¥693bn ($5.78bn), as the country’s government finds big success with its simultaneous triple listing.

Intercity, the Turkish car lessor, has signed what is thought to be the first ever Samurai loan for a Turkish company, for €40m. But Japanese investors will not come piling into the Turkish market, said one banker.

Two units of the Japan Post group have priced their IPOs at the top of the range, bolstered by strong demand from long-onlys and retail investors eager to get a slice of the country's biggest listing in years.

Development Bank of Japan sold over half of its second sustainability bond to SRI investors on Wednesday and will continue to monitor the market for future green opportunities, say bankers.

Mitsubishi UFJ Lease & Finance has priced its second dollar bond of the year, with its safe haven status attracting a strong following despite a sovereign rating downgrade.

The Japanese green financing market received a boost this week with Sumitomo Mitsui Banking Corp (SMBC) issuing the country’s second green bond.

Development Bank of Japan has made its second visit to the SRI bond market with a €300m sustainability bond on Wednesday.