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Monday, September 17th, 2007

Deutsche Bank Launches $1.27 Billion “Samurai” Bond

From Staff Reports

Deutsche Bank AG (NYSE:DB), Germany’s largest bank, announced Friday the launch of an anticipated $1.27 billion "Samurai" bond issue in Japan.

The new bond issues consists of five-year fixed (2.3% rate) and floating-rate tranches and a 10-year fixed-rate (1.77%) tranche.

Deutsche Bank tapped into the capital markets with bonds and swap instruments for more than 4 billion euro in the second half of August to provide liquidity for off-balance-sheet financing conduits, Thomson Financial reported.

Samurai bonds are yen-dominated bonds offered to Japanese investors from non-Japanese companies. Bloomberg News reported that sales of yen-dominated Samurai bonds have more than doubled this year, notably because U.S. authorities said that investors wouldn’t have to pay taxes of on the gains made on them.


More on this topic (What's this?)
Jim Rogers Down on Advanced Economy Stocks, Even More So on Bonds (naked capitalism, 11/11/08)
Junk Bond Yields Up Sharply (naked capitalism, 11/19/08)
Why Buying Bonds Now Is A “Tremendous Mistake” (Contrarian Profits, 11/3/08)
“Safe Harbor Investment Covenants” (Stock Gumshoe, 10/24/08)
Read more on Bond Investing, Deutsche Bank AG at Wikinvest

Jim Rogers: China’s Expansion Depends on Water

Oil isn’t China’s most precious resource. China must spend $162 billion in the next five years to clean up its polluted rivers-as nearly 40% of them are undrinkable. "China has a huge water problem," Legendary investor Jim Rogers says. "…If they don’t solve it, or if they don’t solve it in time, then China has failed." Find out which six global water treatment powerhouses are set to make “liquid profits.”




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