01-08-2025
Japan corporate foreign-currency debt offerings hit record high
Bonds
SoftBank, NTT, Kioxia tap into robust investor demand for bonds
Nippon Telegraph & Telephone and Japan Tobacco are among the Japanese companies that have come out with big foreign-currency bond offerings in 2025. (Source photos by Nikkei)
TAKAHISA TAMURA and YOSHINARU SAKABE
TOKYO -- Japanese companies issued nearly $100 billion in foreign-currency debt in the first seven months of this year, an all-time high for the period, looking to diversify their funding channels while securing capital for overseas growth.
The January-July total jumped 47% on the year to $98.7 billion, according to Mizuho Securities, the largest figure in data going back to 2000. Dollar bonds accounted for around 80%, with euro-denominated debt making up nearly all the rest.