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St George Bank visits Japan bond investors-sources

Tue Apr 15, 2008 8:35pm EDT
 
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 (For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number)
 SYDNEY, April 16 (Reuters) - St. George Bank (SGB.AX: Quote, Profile, Research, Stock Buzz),
Australia's fifth-largest lender, is starting a three-day
non-deal roadshow on Wednesday in Tokyo, several market sources
said.
 Daiwa, Nikko Citigroup and UBS are hosting the
presentations to potential Samurai bond investors.
 Samurai bonds are yen-denominated bonds issued by foreign
borrowers in Japan.
 St. George, which has started the lengthy Samurai issue
documentation process in Japan, could be in position to sell an
inaugural Samurai bond later this year, according to bankers.
 It is one of several likely candidates to enter the
Japanese bond market, bankers say, following in the footsteps
of Australia's top banks, which have already raised over $5
billion of Samurai bonds this year. See [ID:nSYD205503].
 (Reporting by Cecile Lefort) 

 

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