Government has raised US$1 billion and one billion Euro ($1.24 billion) in a dual-currency bond sale, the finance ministry said in statement on Friday (April 20). The Euro denominated 7-year tranche due April 24, 2025 was priced at a coupon of 1.750% –the lowest coupon in the Euro market till date– yielding of 115 basis points over the 7-year mid swap rate or 1.780%.

The Euro 7-year notes marks the republic’s fifth issuance in the Euro Market and its first U. S SEC-registered Euro Issuance. While, the U.S dollar denominated 10-year tranche due April 24, 2028 was priced at a coupon of 4.100% and a yield of 4.130% from initial price guidance 4.400%.

The issuance also marks the country’s second dual currency transaction, following previous one in July, 2017. At that year, government has successfully raised 100 billion yen from the Samurai bonds sale and 1 billion Euro from the Euro bonds.