This week's largest deal was SoftBank's (SFTBY) (SFTBF) IPO of its mobile telecommunications business. The over-allocation feature already was exercised, taking it to USD23.5 billion equivalent, Japan's largest-ever share sale and the second-largest worldwide. The issue is unusual: its main driver has been domestic retail interest, covering some 90% of the offering, stimulated by a generous 5% initial dividend yield and a heavy domestic retail marketing campaign.
Elsewhere Gazprom (OGZPY) (GZPFY) raised JPY65 billion (USD576 million) of ten-year debt from Japan's domestic Samurai market. The deal enjoyed credit support from state-entity Japan Bank for International