ICO launches its second consecutive bond issue in Japan's retail market
The 10.41 billion Japanese yen issue (approximately €73.6 million) was aimed at the retail market.
The previous issuance, in November 2013, closed at 12.7 billion Japanese yen (approximately €93.5 million).
Instituto de Crédito Oficial (ICO) has launched a three-year bond issue in the Japanese market for 10.41 billion Japanese yen (approximately €73.6 million). The issue was made on the Uridashi bond market and was aimed at Japanese retail investors. It follows last November¿s successful issue, which receiveda high demand.
This issue is an indication of the growing appetite of international investors for ICO paper in the capital markets and, more specifically, among Japanese retail investors.
Paying a coupon of 0.64%, this issue was part of ICO¿s GMTN (Global Medium Term Note) programme and was lead managed by Mizuho Securities of Japan.
This new issue helps ICO diversify its sources of financing and consolidates its position in Japan¿s retail market.