ChainCatcher reported that foreign entities set a record for yen-denominated bond issuance in Japan as a global fundraising wave tied to AI hyperscale cloud service providers gathered pace. From April to September, total yen bond issuance reached about 2.5 trillion yen, or roughly $15.9 billion, up 160% from a year earlier. Alphabet, Google’s parent company, entered the market for the first time in May and sold 576.5 billion yen in bonds, also marking a record. The figures point to a sharp rise in overseas borrowing activity in Japan’s yen bond market during the period covered by the report.
Foreign entities issued a record amount of yen-denominated bonds in Japan as a global fundraising wave linked to AI hyperscale cloud service providers accelerated, according to ChainCatcher.
From April to September, total yen bond issuance reached about 2.5 trillion yen, or roughly $15.9 billion, up 160% year over year.
Alphabet, the parent company of Google, made its first yen bond sale in May, with total issuance reaching 576.5 billion yen, setting a record.
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