KfW Accomplishes Its 200th Uridashi Deal
OREANDA-NEWS. KfW recently closed its Uridashi #200 for the Japanese retail market with a total issuance volume of JPY 5.11bn (approx. EUR 36.1m) maturing on January 29, 2019 (ISIN XS1003354849).
The callable dual currency transaction is linked to the AUD/JPY exchange rate and was arranged by Nomura International Plc.
Almost 30 years ago, KfW entered the Japanese capital market. Ever since, KfW has been offering high credit quality and a broad range of tailor made products ranging from public bonds to private placements for institutional and private investors in Japan. Over the course of time, KfW has built strong relationships with its Japanese business partners which are key to deliver flexible and reliable solutions in this strategic market.
In 2002, KfW made its first appearance in the Uridashi market assisted by Tokyo Mitsubishi International at the time with a EUR denominated fixed rate bond. Mitsubishi UFJ Securities International marked another milestone for KfW in 2011 with Uridashi #100, a USD denominated Nikkei-Linked transaction.
The Uridashi market helps KfW markedly to broaden its global investor base. The importance of this segment of the Japanese capital market for KfW is being reflected by the issuance volume: Since the issuance of the first Uridashi, KfW has been able to raise more than EUR 13.8bn equivalent in total.
In 2014, KfW has made a strong start, having already issued 11 transactions amounting to EUR 652mn equivalent, one of the highlights being a JPY 34.34bn Nikkei-Linked transaction arranged by Mitsubishi UFJ Securities International.
Комментарии