Prime Minister Tun Dr Mahathir Mohamad confirmed today that the government is considering another issue of so-called Samurai bonds
using loans from Japan.
Moody's said the emergence of macroeconomic instability that would lead to a deterioration in fiscal and government debt metrics and/or an erosion of the country's external payments position would likely prompt a downgrade of their ratings to the Philippines, and consequently their ratings of the issued samurai bonds
The Philippines raised some $860 million or 92 billion yen from the sale in Japan of yen-denominated samurai bonds
across four tenors that all fetched yields below 1 percent.
National Treasurer Rosalia de Leon said the government is marketing up to $1-billion Samurai bonds
across tenors of three-, five-, seven-, and 10-years.
De Leon said they are issuing Samurai bonds
again as part of the government's diversification of its securities investments.
Government eyes $2-billion panda, samurai bonds
!-- -- Mary Grace Padin (The Philippine Star) - February 5, 2019 - 12:00am MANILA, Philippines The government is eyeing to raise as much as $2 billion from the issuance of renminbi-denominated panda bonds and yen-denominated samurai bonds
this year, the Bureau of the Treasury (BTr) said yesterday.
The statement came following media reports that Egypt will offer around $2bn worth of Samurai bonds
in the coming period.
Last August, the Philippines also sold 154.2 billion yen ($1.434 billion) in samurai bonds
across three tenors, ending the country's eight-year absence in the Japanese debt market.
According to its Finance Minister Ken Ofori-Atta, while speaking to Bloomberg News, Ghana's government is considering Sukuk, Panda bonds in China, and Samurai bonds
EgyptEe's finance minister disclosed that the country is now Ee"studying carefullyEe" the possibility of issuing Chinese renminbi-denominated Panda bonds and Japanese yen-denominated Samurai bonds
The Export-Import Bank of India (Exim Bank) has issued 10-year bonds in the Japanese bond market (Samurai bonds
) for JPY20bn (about USD170m or INR10bn), the Hindu Business Line has reported.