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Japan firm shows keen interest in PH bonds

A japanese company has conveyed its interest in furthering Mitsui Banking Corporation’s (SMBC) cooperation with the Philippines by participating in the country’s bond offerings.

This was stated by SMBC Executive Deputy President Taro Hayashi to Philippine Ambassador to Tokyo Jose C. Laurel V in his recent meeting with the company’s representatives.

Attendees from SMBC Nikko are: Executive Deputy President Taro Hayashi, Global Head of Capital Markets; Managing Director Hiroyuki Kinoshita, Head of Global Fixed Income Capital Markets; and Director Tetsuro Tamai, Global Fixed Income Capital Markets.

Laurel expressed his appreciation to SMBC for the success of the Samurai bonds in 2018 and 2019 which were oversubscribed and still being sought after by Japanese investors.

SMBC is a leading provider of services to Samurai bond issuers, with their abundant experience and know-how cultivated in the domestic corporate bond market. With the help of SMBC, the Philippines raised 92 billion yen ($860 million or P44.3 billion) from the sale of “samurai” bonds across four tenors in 2019.

Taro stated “we should contribute more to your country.”