• Most Popular
  • Most Shared

RBS sells 141 bln yen in Samurai bonds

Mon Jun 23, 2008 9:50pm EDT

Stocks

   

TOKYO, June 24 (Reuters) - Royal Bank of Scotland (RBS.L) sold a total of 141 billion yen ($1.3 billion) in Samurai bonds in four tranches on Tuesday, lead manager Daiwa Securities SMBC said.

It sold 20 billion yen in three-year fixed-rate bonds, 55 billion yen in five-year fixed-rate bonds, 11 billion yen in 10-year fixed-rate bonds and 55 billion yen in five-year floating-rate bonds.

The three-year fixed-rate bonds have a spread of 79 basis points over yen swaps, the five-year fixed-rate bonds have a spread of 95 basis points over yen swaps and the 10-year fixed-rate bonds have a spread of 100 basis points over yen swaps.

The five-year floating-rate bonds have a spread of 95 basis points over three-month yen Libor.

The Samurai bonds -- yen bonds issued in Japan by non-Japanese entities -- were priced at par. (Reporting by Takefumi Ito and Naoyuki Katayama: writing by Shinichi Saoshiro)



More from Reuters

Photo

Healthcare bill clears second Senate hurdle

WASHINGTON (Reuters) - Senate Democrats cleared the second of three 60-vote hurdles on President Barack Obama's healthcare overhaul on Tuesday, moving the landmark legislation one step closer to passage by Christmas. | Video

Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

Cars travel along an overpass with an advertisement of a Saab vehicle in the background in Budapest December 21, 2009. REUTERS/Laszlo Balogh

Spyker races to clinch a deal

The Russia-backed carmaker is pressing ahead with a renewed bid for GM's Saab as reports of new backing from a Dutch billionaire swirl.  Full Article