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M'sia to announce samurai bond arrangers next weeks, says finance minister

Finance Minister Lim Guan Eng will announce the name of the arrangers for the 200 billion yen (US$1.9 billion) Samurai bond next week.

Commenting on a Bloomberg report that Malaysia had selected the bankers for the country’s first Samurai bond sale, he said: “Let’s not get into specifics. You will know how much of it is true next week. We will make the final decision and announcement next week.

“We will invite the Japanese ambassador to be present when we make the announcement.”

Bloomberg earlier reported that Malaysia had picked the arrangers for the bond issuance, which included HSBC Holdings Plc, Mizuho Financial Group Inc and Nomura Holdings Inc.

During the Budget 2019 announcement on Nov 2, Lim said the Japanese government had offered to guarantee 200 billion yen, or RM7.4 billion, worth of Samurai bond issuance, with a 10-year tenure via the Japan Bank of International Cooperation at an indicative coupon rate of 0.65 per cent, which was expected to be issued before March 2019.

Malaysia had asked for yen loans during Prime Minister Dr Mahathir Mohamad’s first meeting with his Japanese counterpart, Shinzo Abe, in June 2018, to help resolve Malaysia’s debt.

Bernama

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