The Samurai Bond Market

6 Pages Posted: 11 Jul 2007

See all articles by Frank Packer

Frank Packer

Bank for International Settlements (BIS)

Elizabeth Reynolds

Independent

Date Written: June 1997

Abstract

Issuance in the samurai bond market has more than tripled over the past several years. Some observers have attributed this growth to a systematic underestimation of credit risk in the market. A detailed review of credit quality, ratings differences, and initial issue pricing in the samurai bond market, however, turns up little evidence to support this concern.

Keywords: Samurai Bond Market, issuance

JEL Classification: G10, G15, G24

Suggested Citation

Packer, Frank and Reynolds, Elizabeth, The Samurai Bond Market (June 1997). Current Issues in Economics and Finance Vol. 3, No. 8, June 1997, Available at SSRN: https://ssrn.com/abstract=998868

Frank Packer (Contact Author)

Bank for International Settlements (BIS) ( email )

CH-4002 Basel, Basel-Stadt
Switzerland
4161 280 8449 (Phone)

Elizabeth Reynolds

Independent

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