Japan

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.

Sumitomo Mitsui Banking Corp is looking to price a landmark transaction for Japan, opening books for the first US dollar-denominated green bond from the country.

Japanese names have stolen the show this week, with Mitsubishi UFJ Trust and Banking (MUTB) raising $1.25bn from a US-driven bond, to be quickly followed by Mitsubishi UFJ Lease & Finance opening books for its second dollar outing of the year.

Mizuho Financial Group has returned to the dollar bond market with a bank capital trade that priced alongside a triple-tranche senior offering. Despite launching on a day crowded with other transactions, the issuer’s safe haven status allowed it to find success.

Mizuho Financial Group and Mitsubishi UFJ Trust and Banking (MUTB) are out in the dollar bond market, releasing guidance for their respective offerings on Tuesday.

Mitsubishi UFJ Lease & Finance Company is preparing to issue a second dollar bond this year, with investor meetings scheduled for next week.