Japan's Foreign Currency Bond Issuance This Year Reaches $35 Billion, 3.6 Times Last Year's Level

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] It has been revealed that the issuance of dollar-denominated bonds in Japan this year has surpassed the scale of yen-denominated bonds, reaching a record level.

According to data compiled by financial information firm Dealogic on the 16th, the scale of dollar-denominated bonds issued by Japan this year reached $35 billion (approximately 39.4625 trillion KRW), which is 3.6 times the issuance amount during the same period last year ($9.8 billion).

During this period, the issuance scale of yen-denominated bonds was $29.3 billion.

Accordingly, the issuance amount of dollar-denominated bonds this year has already approached 85% of last year's total issuance amount ($41.3 billion).

The scale of euro-denominated bonds issued by Japan this year also reached $8.2 billion, exceeding 1.7 times the $4.7 billion issued during the same period last year.

Major foreign media reported that the record-level increase in Japan's foreign currency-denominated bond issuance is due to heightened investment demand for Asian corporate bonds, alongside a heated mergers and acquisitions (M&A) market among Japanese companies requiring substantial funds.

For example, Japanese telecommunications company NTT issued dollar- and euro-denominated bonds worth $10 billion this year to fully acquire its mobile phone business subsidiary NTT Docomo as a wholly owned subsidiary.

This content was produced with the assistance of AI translation services.