FGB concludes 5-year bond on Tokyo Pro-Bond Market

FGB has concluded a 5-year 10 billion Japanese Yen bond as part of the $1 billion Tokyo Pro-Bond Market programme registered by the bank on June 11. The transaction took place last Monday and the bonds were priced with a coupon rate of 0.863% per annum.
 
HSBC Bank Plc and Mizuho International Plc led the transaction, which will be listed on Friday under the $1 billion programme listed on the Tokyo Stock Exchange and registered under the First Gulf Bank P.J.S.C. $3,500,000,000 Euro Medium Term Note (EMTN) programme.
 
FGB is the first organisation from the Middle East to issue under the new Tokyo Pro-Bond Market. The issuance quickly follows the bank’s first Australian market transaction, which took place earlier this year when FGB concluded its 5-year Kangaroo bond issuance.
 
Andre Sayegh, CEO of FGB, said, "This debut issuance on the new Tokyo Pro-Bond Market is a key part of FGB’s ongoing strategy to diversify our sources of funding and expand into new markets. It complements our inaugural Kangaroo 5-year bond issuance earlier this year perfectly and has been positively received by investors."
 



 

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