KUALA LUMPUR, Nov 2 — The government extended its thanks to its Japanese counterpart for their offer to guarantee ¥200 billion (RM7.4 billion) in publishing Samurai bonds over a 10-year period.

Finance Minister Lim Guan Eng said this was due to the confidence in the administration and leadership of Prime Minister Tun Dr Mahathir Mohamad.

The Samurai bonds will be guaranteed by the Japan Bank of International Cooperation, at a coupon rate of 0.65 per cent, and is expected to be published before March next year,” he said during the Budget 2019 tabling in the Dewan Rakyat.