Borrowers Rush to Sell Yen Bonds as Rising Yields Lure Investors

Borrowers are finding a silver lining in this week’s surge in Japanese bond yields with higher rates attracting credit investors.

At least 10 issuers including drinks producers Kirin Holdings Co. and Suntory Holdings Ltd., as well as real estate company Mitsui Fudosan Co. and the Republic of Indonesia rushed to the market Friday. They priced more than ¥530 billion ($3.7 billion) of bonds in total, with maturities of mainly 10 years or less, in one of the busiest days this year.