 |
 |
 |
The
IDB has turned increasingly to capital suppliers and investors
in Japan, including public and private investment funds, commercial
long-term and trust banks, life and casualty insurance companies
and agricultural credit institutions as well as Japanese retail
investors. They have been attracted to the Bank's prudent financial
management and solid shareholder support, which have earned the
highest credit rating for its securities.
The IDB's first direct borrowing in the Tokyo market in Japanese
yen for its Ordinary Capital resources was in 1966 from the Export-Import
Bank of Japan. After Japan became a member in 1976, the IDB sold
long-term public yen-denominated Samurai bond issues and later
issued yen securities on Euro markets. As of December 31, 2002,
total Japanese yen outstanding borrowings amounted to US$3,555
million equivalent or 7.5 percent of total outstanding borrowings.
A significant proportion of borrowings denominated in other currencies
has been purchased by Japanese investors. It is worth noting that
Asia was the largest supporter of IDB bonds in 2002, purchasing
57 percent of all IDB bond issues that year, more than the Americas
and Europe. Of this 57 percent, Japanese institutional and retail
investors comprised around 34 percent of the distribution. The
IDB has also issued securities specifically targeted to the needs
of Japanese investors. In 2002, it issued 24 bond issues for a
face amount of US$3,254 million equivalent targeted to retail
investors in Japan.
Link to HQ's
investor's information
|
|
| 2003 Inter-America Development Bank Office in Asia. All rights reserved. |
|
