Shinsei Bank to issue Japan's first covered bond


Shinsei Bank will issue Yen50 billion ($457 million) in covered bonds to raise funds to bolster the bank's capital base. The bonds, backed by a residential mortgage-loan pool originated by the bank, will mature on February 28, 2018. The issue is the first covered bond in Asia.

"Shinsei Bank is in a unique position in that it is still seeking to increase its assets," says Hiraku Kusaka, a senior structurer in debt capital market solutions at BNP Paribas in Tokyo. "At the same time, it needs to imp

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: