Prime Minister Mahathir Mohamad (L) said Malaysia is studying another offer of Samurai bond from Japan. (Photo: Reuters) Kuala Lumpur (VNA) - Malaysia is studying another offer of Samurai bond from Japan, said Prime Minister Mahathir Mohamad.
“Yes, Japan is making a very cheap loan available, now it will be even lower, so we are studying how we can use this cheap money (loan) to overcome our financial problems," Malaysia’s Bernama news agency quoted the PM as saying.
A Samurai bond is a yen-denominated bond issued in Tokyo and subject to Japanese regulations.
The bond was guaranteed by the Japan Bank for International Cooperation (JBIC) with a maturity tenure of 10 years with a full cost to the government at 0.63 percent per annum.
According to Bernama, the Malaysian government successfully issued its first Samurai bond in March with an oversubscription of more than 1.6 times at 324.7 billion yen (3.07 billion USD) against 200 billion yen offered.
Proceeds from the bond issuance would be used to fund infrastructure developments, including the construction of schools, hospitals, roads and utilities. - VNA
VNA
