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Hiroko Matsumoto, a spokesman for Goldman Sachs in Tokyo, declined to comment on the Samurai bond sale.

Toshimitsu Okano, a spokesman for Mizuho in Tokyo and Mitsubishi UFJ Morgan Stanley’s spokesman Hiroaki Konishi declined to comment on Samurai bond sales.

Daiwa’s first sale this year from a South Korean company was a two-year, 35 billion-yen Samurai bond issued by KT, the nation’s largest phone and Internet provider.

In the samurai bond market, America Movil has made its debut with a 12 billion yen offer.

While NBAD’s Samurai bond is the first such sale out of the region, other companies have raised money in yen as part of their euro medium-term note programs that were distributed outside Japan.