Japan Firms Rush to Sell Bonds as BOJ December Hike Bets Grow
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Japanese corporate borrowers are selling bonds at a faster pace as speculation grows the Bank of Japan may raise interest rates again next month.
Japan’s major telecom firm KDDI Corp. sold ¥210 billion ($1.4 billion) of notes across four tranches on Friday, according to Daiwa Securities Co., one of the underwriters. Daiwa Securities Group Inc. and Panasonic Corp. were also among the eight issuers that sold bonds on Friday.