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Japanese firms step up foreign bond sales

From blogs.wsj.com

As Japanese firms expand overseas, a growing number have been raising money with foreign-currency bonds. While the bulk of the non-yen bonds have been in U.S. dollars, an increasing handful have been in currencies like the Canadian dollar, the Australian dollar and even Malaysia’s ringgit. For instance Aeon Credit Service Co. 8570.TO +0.68%, a credit-card company, issued several Malaysian ringgit bonds amounting to a total of US$200 million this year to help its unit in the Southeast Asian country build plants and buy assets. Japanese companies have been building up assets in the fast-growing region as domestic ... (full story)

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