Friday, 29 June 2007

Japan Asks Brokerages for Views on 10-Year Auction After Call for Re-Issue

(Bloomberg) -- Japan's Ministry of Finance is
asking securities firms and banks their views on next week's 10-
year bond auction, including whether to issue a new security or
sell existing debt.

Some brokerages asked the ministry to re-issue the No. 286
10-year bond with a 1.8 percent coupon at the sale on July 3,
said Kazuo Katayama, director for market finance division of the
ministry's finance bureau. The brokers said there has been a
shortage of the debt in the repurchase market, in which debt is
lent out for an agreed time, according to Katayama.


Read more at Bloomberg Bonds News

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