1. Fifty billion yen 5-year domestic bonds without a Japanese government guarantee were launched today for the operations of the Japan Bank for International Cooperation (JBIC; President & CEO: Hiroshi Watanabe)^*1. JBIC has tried to take into consideration market conditions and investors' demands carefully through investor relations and marketing. The issue has successfully attracted demand from wide range of investors^*2.
    
2. While JFC had a plan to issue non-guaranteed bonds totaling up to 70 billion yen for funding the JBIC operations based on the fiscal 2009 budget of JBIC, the plan's target has been met by this issuance.
    
3. The following are the basic features of the issuance:
   Issuer:   Japan Finance Corporation
   Amount:   50 billion yen
   Maturity:       5 years (bullet repayment due on December 19, 2014)
   Issue Date:  February 16, 2010
   Coupon:  0.618%
   Issue Price:  100 %
   Re-offer yield: 0.618% (compound rate) (JGB#267+10bp)
   Collateral:       General collateral
   Lead Managers: Nomura Securities Co., Ltd.
   　　　　　　　　　　　　Mizuho Securities Co., Ltd.
   　　　　　　　　　　　　Mitsubishi UFJ Securities Co., Ltd.
   Rating:            　　Moody's Aa2
   　　　　　　　　　　　　S&P  AA
   　　　　　　　　　　　　R&I  AAA
   　　　　　　　　　　　　JCR  AAA 

notation

1. *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
2. *2 In addition to this 50 billion yen 5-year bonds for funding the JBIC Operations, JFC simultaneously launched two other non-guaranteed bonds, out of which 30 billion yen 2-year bonds for the Micro Business and Individual Operations, 16 billion yen 3-year bonds for the SME Loan Programs and Securitization Support Programs (Guarantee-type Operation).