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Coupon on Aug. 10-Year JGBs for Individuals to Hit 12-Year High

Coupon on Aug. 10-Year JGBs for Individuals to Hit 12-Year High

   Tokyo, July 3 (Jiji Press)--The Finance Ministry said Wednesday the initial coupon on 10-year floating-rate Japanese government bonds for individual investors will rise to the highest level since January 2012.
   The coupon on the 10-year issue will be 0.72 pct per annum, up from the July bonds' initial coupon of 0.69 pct.
   The ministry also said fixed-rate five-year notes' coupon will hit 0.61 pct in August, the level unseen since July 2009.
   The coupon hikes reflect rising longer-term interest rates amid speculation about, among others, the Bank of Japan's further interest rate hike.
   The subscription period for the August issues will be from Thursday to July 31.

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AFP-JIJI PRESS NEWS JOURNAL


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