Wednesday, July 11, 2007

Japan's Government Sells Record Amount of Five-Year Notes to Individuals

(Bloomberg) -- Japan sold a record amount of five-
year notes to individuals because of rising summer bonuses and
the highest-ever interest rate on the debt, a Finance Ministry
official said.

The government raised 1.6 trillion yen ($13.1 billion)
selling notes with a 1.5 percent coupon, said a finance ministry
official, who asked not to be identified. The size of the sale
and the coupon was the highest since the government started
issuing five-year notes targeting individuals in January 2006.


Read more at Bloomberg Bonds News

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