Japan

BPCE issued final guidance on Thursday for its latest multi-tranche Samurai sale, giving investors plenty of choice with two senior and three subordinated tranches.

A debt capital markets banker at Morgan Stanley has left to join Mizuho International, GlobalCapital understands.

Credit Suisse has shaken up its top ranks in Asia Pacific, with changes made to its equity capital markets and southeast Asia investment banking units.

The first day of December is proving to be a big one for the renminbi. Fresh on the heels of news about the currency’s inclusion in the IMF SDR basket, the renminbi is now the second most active currency for payments between Japan and China/Hong Kong, according to Swift’s latest RMB Tracker.

BPCE has registered to sell more Samurai subordinated bonds, looking to build on a successful debut in the format earlier this year, as European banks diversify their sources of new capital.

Tohoku Electric Power, Japan’s fourth largest electricity company, raised ¥120bn ($972m) to build new power stations on Tuesday, with a pair of negative yield convertible bonds, sold outside Japan.

Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.

Deutsche Bank on Thursday priced its latest Samurai deal well wide of its last effort as investors continued to digest its restructuring, while wild swings in the basis swap between yen and dollars buffet other potential issuers in the format.

Japan's economy may not be the envy of the world, but its banking sector is on the up. While European banks are pulling in their horns, especially in Asia and the US, Japanese institutions are expanding. Nobuhide Hayashi, president and chief executive of Mizuho Bank, talked to GlobalCapital's Toby Fildes in Tokyo about the bank's determination to globalise its management style — and also about whether Abenomics can scrape Japanese growth off the floor, the worrying situation in China and the danger of procyclicality in regulation.

BNP Paribas’ former co-head of fixed income has resurfaced at New York headquartered M&A advisory shop Foros as a senior advisor.

Goldman Sachs and Sumitomo Mitsui Trust raised $500m of five year funding this week using a novel triple recourse special purpose vehicle called SumitG.

Japan Post Holdings has priced its IPO at the top of the range to raise ¥693bn ($5.78bn), as the country’s government finds big success with its simultaneous triple listing.