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[Alpha Biz=(Chicago) Reporter Kim Jisun] Naver succeeded in issuing Samurai bonds for the first time in the world on the 26th.
Samurai Bond has a total of four maturity. It is worth a total of 20 billion yen, including 14 billion yen in 3.5 years, 1.5 billion yen in 5 years, 1.5 billion yen in 7 years and 3 billion yen in 2012. The issuance rate was determined by adding an additional spread of 70 bps for 3.5 years, 82 bps for 5 years, 93 bps for 7 years and 120 bps for 12 years compared to the Yen TONA interest rate (standard interest rate) by period.
This Samurai Bond is the first case issued by a domestic private company without a guarantee since 2016. In particular, the 12-year trench is the first long-term issuance of a 10-year maturity among domestic issuers. It is the first time in the world that a global IT company has issued samurai bonds to Japanese bond investors. It is said that Naver's business sustainability has been recognized as it has succeeded in issuing it for more than five years on average.
Naver made its debut in the dollar bond market in March 2021 by issuing US $ 500 million and US $ 300 million in May. Since then, Samurai bonds have been issued to diversify the financing market. Naver is continuing to expand its business in the Japanese market with Japan's No. 1 global messenger line.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
