SMBC Nikko Securities Inc. Reaffirms its Continued Confidence in the PH Economy

Philippine Ambassador to Japan Jose C. Laurel V and First Secretary Leah Victoria Rodriguez (right) met with Sumitomo Mitsui Banking Corporation Nikko Securities Inc. representatives (left). (Tokyo PE photo)

TOKYO 23 December 2020 —  Philippine Ambassador to Japan Jose C. Laurel V met with representatives from Sumitomo Mitsui Banking Corporation (SMBC) Nikko Securities Inc., on 17 December 2020.

Attendees from SMBC Nikko are: Executive Deputy President Taro Hayashi, Global Head of Capital Markets; Managing Director Hiroyuki Kinoshita, Head of Global Fixed Income Capital Markets; and Director Tetsuro Tamai, Global Fixed Income Capital Markets.

Ambassador Laurel expressed his appreciation to SMBC for the success of the Samurai bonds in 2018 and 2019 which were oversubscribed and still being sought after by Japanese investors.

SMBC is a leading provider of services to Samurai bond issuers, with their abundant experience and know-how cultivated in the domestic corporate bond market. With the help of SMBC, the Philippines raised 92 billion yen ($860 million or P44.3 billion) from the sale of “samurai” bonds across four tenors in 2019.

Executive Deputy President Hayashi stated that, “we should contribute more to your country,” and conveyed the company’s interest in furthering SMBC’s cooperation with the Philippines by participating in the country’s bond offerings. END

For more information, visit https://www.tokyo.philembassy.net or https://www.tokyope.dfa.gov.ph, or https://www.facebook.com/PHLinJapan/.