Samurai Bonds Lure East Europe as Core Markets Get Pricer
- Romania, Poland and Slovenia plan to issue Samurai bonds soon
- Polish debt particularly attractive for Japan Post Insurance
A bus and tram travel along Jerozolimskie Avenue in Warsaw, Poland, on March 20, 2023.
Photographer: Damian Lemański/BloombergThis article is for subscribers only.
Samurai bonds are making a return to East European issuance agendas as governments seek to diversify their sources of financing at a time of rising costs of euro and dollar debt sales.
Poland plots a return to the Japanese market this year after a decade away, while Romania and Slovenia flagged plans for debut issuance of Samurai bonds — a term used for yen-denominated debt from a non-Japanese issuer. Hungary sold bonds in the Japanese market in 2022.