[Alpha Biz=(Chicago) Reporter Paul Lee] Korea Investment & Securities announced on the 14th that it has succeeded in issuing 20 billion yen worth of Samurai bonds. Samurai bonds are yen-denominated bonds issued by foreign companies or governments in the Japanese bond market.

The Samurai bonds issued this time are worth 6.3 billion, 1.6 billion, 6.1 billion and 6 billion yen for one, 1.5, two and three years, respectively, and were issued in a total of five trench structures, including SMBC Bank's guarantee department. The TONA interest rate was set at 1.04% (one year), 1.36% (1.5 years), 1.53% (two years), 2.25% (two years), and guarantee 0.48% (two years), including 105bp for one year, 133bp for 1.5 years, 145bp for two years, and 210bp for three years. The bond issuance was exclusively organized by SMBC Nikko, a Japanese securities firm.

Korea Investment & Securities Co., the first Korean securities firm to issue samurai bonds, won the title of "only securities firm to issue foreign currency bonds other than dollars" with a successful public offering. The raised funds are planned to be used for local investment in Japan.

 

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