Amadeusz Juskowiak

Japan march bond coupon seen unchanged at five pct

The Finance Ministry has proposed informally to its bond underwriting syndicate that the coupon on the January 10year government bond remain unchanged from February at five pct underwriting sources said

They said the ministry wants a 050 yen raise in issue price from February to 9950 to yield a record low 5075 pct

The 5151 pct February bond issue yield was itself a record low The proposed issue volume is 475 billion yen against the 600 billion in February

The underwriting syndicate is likely to accept the proposed terms immediately the sources said