MoF issues 55 bn yen of samurai bonds

The Ministry of Finance plans to issue samurai bonds worth 55 billion yen in May, to refinance a loan from Japan Bank for International Cooperation (JBIC) which will come due this month.

The Director of the Public debt Management Office, Pongpanu Svetarundra, said Daiwa Securities is appointed the financial adviser and underwriter.

The samurai bonds are expected to offer lower than 1 per cent in interest rate, with maturity of 3, 5 and 7 years. For each maturity, the value of each batch would be Bt15 or Bt20 billion.

Before the issuance of samurai bonds in May, in April the ministry will issue Euro commercial papers with equivalent value of 55 billion yen. The proceeds will be used to retire the JBIC loan.

- The Nation

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MoF issues 55 bn yen of samurai bonds

The Ministry of Finance plans to issue samurai bonds worth 55 billion yen in May, to refinance a loan from Japan Bank for International Cooperation (JBIC) which will come due this month.

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