JBIC Guarantees Privately Placed Samurai Bonds Issued by Qatar Petroleum
Stimulating the Samurai Bond Market and Strengthening Multilayered Ties with a Resource-Supplying Country
- Area: The Middle East
- Energy and Natural Resources
JBIC has signed a set of agreements to provide a guarantee for the yen-denominated foreign bonds issued by Qatar Petroleum (QP) in the Japanese bond market (Samurai bonds). This arrangement is part of JBIC's efforts to support the issuance of Samurai bonds by foreign issuers in the Tokyo bond market and thereby revitalize the Samurai bond market. This is the first issue of Samurai bonds by the state-owned oil company of Qatar. The guarantee provided by JBIC will support QP's ability to diversify its funding sources. It will also further strengthen bilateral relations with Qatar, an important energy resource supplier for Japan.