The Japanese government will launch its in Japan tobacco (2914 T), which in the company's stock, investors sell dollars $1 billion for part of the shares issued sales.
In the world's third largest tobacco company's shares fell 5.9% after the announcement, according to a Reuters report, the sale will launch in the coming days.
This product, the biggest problem, because the United States Treasury's $20.7 billion sales of American international group, inc. (AIG. N) shares in September, from Japan's the highest level in more than four years wandering around.
Japan tobacco company's share price fell 3.2%, in the late morning 2832 yen, down to three weeks of low 2752 yen. Usually, a large share of the sale price to fall, because it will increase in the market the supply of publicly traded shares.
Banks, including hiring management provide four underwriters, and held the meeting last Tuesday, in order to eliminate the processing of detail, sources told Reuters.
In the government's shareholding in the $62 of the $the company's sales conditions improve, Japan's nikkei average share price. N225 year-on-year growth of nearly 25% in the past 3 months to September 2008 the highest level since.
Japan tobacco company stock rising 21% year-on-year or so, has a broad market rebound requirements after early elections, prime minister Shinzo Abe (Shinzo Abe) in power after a month, in mid-november to part.
Shinzo Abe promised positive monetary and fiscal policy, in order to solve the long-term deflation.
Appetite big offering
Japan and liquid market is used to digest large products, such as Japan airlines co., LTD. (9201 T) on September $$8.5 billion initial public offering $2.3 billion the follow-up processing all Nippon airways co., LTD. (9202 T).
Last month, the United States private equity company Cerberus capital management LP CBS. UL in Japanese Aozora bank co., LTD. (8304 T) by selling shares raised about $17 billion.
Overall, in Japan's issued share capital in 2012, up 16.8% from the same period last year, leading to large $26.4 billion initial public offering of activities and a series of activities, makes it since 2008 trade's busiest year, townsend Reuters data display.
However, Japan tobacco sales will be special.
In the sales process, is expected to help is Tokyo stock market rebound in recent months, and promised the company intends to buy back its $3.1 billion worth of shares. "ID: nL3E8FQ4YI >
"At present, the Japanese stock market's appetite seems to be quiet intelligence, said:" Tokyo businessman, who does not want to be named.
Jpmorgan chase (JPM. N: prices), and Securities group (8601 T), Goldman sachs (GS. N) and Mizuho Securities (Mizuho Securities) hired last June as Japan tobacco sale for the underwriter. As the underwriter to participate in insider trading scandal, Japan's largest securities trader nomura holdings (8604. T), has not been selected.
Sources said authorized bank invite other Banks play a minor role in the sale, in Tuesday's meeting, this is called the stock issue plan schedule, telling them.
 



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