Dr M: Putrajaya mulling another round of Samurai bonds
KUALA LUMPUR, Aug. 26 -- Prime Minister Tun Dr Mahathir Mohamad confirmed today that the government is considering another issue of so-called Samurai bonds using loans from Japan.
In a press conference today, he explained that this was because the Japanese government was offering to finance this at a rate lower than the 0.65 per cent for the previous issue earlier this year.
In February, Putrajaya reintroduced yen-denominated government bonds to end over three decades of Samurai bonds' absence here.
"So now, we are studying how we can use this cheap money for overcoming our financial problems," he told a press conference after opening the World Tourism Conference (WTC) 2019.
Business daily The Malaysian Reserve (TMR) earlier quoted Ja...
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