Greece has made payments on 11.7 billion yen ($94.6 million) of samurai bonds maturing on Tuesday, in what was a closely watched transaction following yesterday's long-awaited deal between the indebted country and its international creditors.
A spokeswoman at bond administrator Mizuho Bank confirmed the payment. Samurai bonds are yen-denominated bonds issued in Japan by non-Japanese companies, giving the borrowers access to Japanese capital. Greece sold samurai bonds to investors in 1995 worth 11.7 billion yen, with further sales in in 1996 worth about 46.4 billion yen.
After Greece missed payment on a 1.6 billion euro debt to the International Monetary Fund in late June, and reportedly missed a further 450 million euro payment due to the IMF on Monday, there was concern the country could also miss payment on the bonds.