© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 161 Farringdon Rd, London EC1R 3AL. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions | Cookies

Search results for

Tip: Use operators exact match "", AND, OR to customise your search. You can use them separately or you can combine them to find specific content.
There are 373,172 results that match your search.373,172 results
  • The long JGB rally might well be over. The sharp volatility in the JGB market began shortly after the 10 year yield hit an all-time low of 43bp on June 11. By September 4, the yield was 1.65%, the highest for 2-1/2 years. As one investor explains in the roundtable, now that the tide is no longer rising, fixed income fund managers focused on Japan will need to become much smarter to outperform the market.
  • Once again this year, fortune has not smiled on the offshore yen market. The leading international credits have largely been shut out of the public markets because their paper has traded so deep through JGBs. International fund managers have moved further underweight the yen indices, limiting the demand for credit product. Nevertheless, a few noteworthy deals were priced earlier this year.
  • Volkswagen's financial services arm, Volkswagen Financial Services AG, took advantage of Japanese investors' increased demand for credit by raising ¥50bn in the Samurai market this week, despite a negative rating action by Moody's last Friday.
  • The merger and acquisition business in Japan has not yet fulfilled its potential. There are plenty of deals to be done, but only by the patient.
  • Ford won a reprieve this week when Standard & Poor's assigned a stable outlook to the auto company's rating after a downgrade to BBB-.
  • Rating: A3/A-
  • Ask almost any of the world's top credits and they will confirm that there is heavy demand for their paper from Japan. KfW's head of capital markets Frank Czichowski, reports more that 360 issues were completed in the first eight months of 2003 by the German agency. "As with 2002, we are facing a constant demand in that market segment from Japanese investors."
  • Sole arranger DBS Bank has launched the S$200m five year fundraising for Senoko Power into syndication.
  • Rating: A3/BBB/BBB
  • Banks have already started to send in commitments to the $100m three year financing for Samsung SDI Co. Arrangers Citigroup and Korea Development Bank say three banks have joined the deal with others waiting for their credit approvals to be granted.
  • General syndication for AES Cartagena's Eu664.9m loan is set to close oversubscribed. Mandated lead arrangers ABN Amro, Crédit Agricole Indosuez and SG have invited banks to join as senior lead managers, earning 110bp for Eu30m; as lead managers, earning 100bp for Eu20m; or as managers, earning 990bp for Eu10m.