Abe’s 49-Nation Tour Brings Emerging Samurai Sales: Japan Credit
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Prime Minister Shinzo Abe’s record 49-nation world tour has brought emerging-market bonds to hungry investors, with a Japanese government-guaranteed Samurai sale this month by Turkey and plans by Tunisia and Kenya.
Turkey issued 100 billion yen ($918 million) of Samurai notes due 2024 on Sept. 17 at 1.05 percent courtesy of a guarantee from state-owned Japan Bank of International Cooperation. Two days later, Tunisia’s central bank started marketing 10-year yen debt also backed by JBIC for sale Oct. 1.