Issuance of Non-guaranteed Domestic Bonds for the JBIC Operations Launch of 50-Billion Yen 5-Year Bonds Issuance
NR/2009-64
February 5, 2010
February 5, 2010
- 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.
- 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.
- 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: |
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| Rating: |
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Note
- *1 JBIC is the international wing of the Japan Finance Corporation (JFC; Governor: Shosaku Yasui).
- *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).
