A Y50,000 million ($50 million) Euroyen bond issue mandated by the treasury to Nomura Securities has been launched in the international markets. The paper is mainly designed to appeal to Japanese corporate investors, corporate credit unions and foundations.

The deal’s price is the equivalent of around 285 basis points over the London interbank offered rate (Libor). This compares with around 300 basis points for the last Euroyen issue for the treasury in July.