RBS sells 141 bln yen in Samurai bonds

Mon Jun 23, 2008 9:50pm EDT
 
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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)

 

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