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 Samuraibond 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 ourfinancial problems," Malaysia’s Bernama news agency quoted the PM assaying.
A Samurai bond is a yen-denominated bond issued in Tokyo and subject toJapanese 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 0.63percent per annum.
According to Bernama, the Malaysian government successfully issued its firstSamurai bond in March with an oversubscription of more than 1.6 times at 324.7billion yen (3.07 billion USD) against 200 billion yen offered.
Proceeds from the bond issuance would be used to fund infrastructuredevelopments, including the construction of schools, hospitals, roads andutilities. - VNA
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Prime Minister Mahathir Mohamad (L) said Malaysia is studying another offer of Samurai bond from Japan. (Photo: Reuters) 
