JBIC Issues Global Dollar Bonds
Launching Twenty-second, Twenty-third, Twenty-fourth and Twenty-fifth Japanese Government Guaranteed Bonds

  • Area: Others
  • Others

 
May 25, 2017
  1. Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) launched 3-year fixed rate, 3-year floating rate, 5-year fixed rate and 10-year fixed rate Global Dollar Bonds guaranteed by the government of Japan on May 24 (New York City time). The issuance has successfully attracted the demands from wide range of international investors, mostly in Asia, Europe, the Middle East, and North America.
     
  2. The followings are the main features of the issuance:
     

    JBIC Twenty-second Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.5 billion U.S. dollars
    Market :Global
    Maturity :3 years (bullet repayment due on June 1, 2020)
    Coupon rate :2.125% (S.A.)
    Issue price :99.919% (Re-offer yield: 2.153% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :June 1, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Nomura International plc
      Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Goldman Sachs International
      Mizuho Securities USA LLC

    JBIC Twenty-third Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :0.5 billion U.S. dollars
    Market :Global
    Maturity :3 years (bullet repayment due on June 1, 2020)
    Coupon rate :3M USD LIBOR(ICE) + 48.0bp (Q.A.)
    Issue price :100%
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :June 1, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Nomura International plc
      Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Goldman Sachs International
      Mizuho Securities USA LLC

    JBIC Twenty-fourth Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.5 billion U.S. dollars
    Market :Global
    Maturity :5 years (bullet repayment due on June 1, 2022)
    Coupon rate :2.5% (S.A.)
    Issue price :99.902% (Re-offer yield: 2.521% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :June 1, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Nomura International plc
      Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Goldman Sachs International
      Mizuho Securities USA LLC

    JBIC Twenty-fifth Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.5 billion U.S. dollars
    Market :Global
    Maturity :10 years (bullet repayment due on June 1, 2027)
    Coupon rate :2.875% (S.A.)
    Issue price :99.750% (Re-offer yield: 2.904% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :June 1, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Nomura International plc
      Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Goldman Sachs International
      Mizuho Securities USA LLC
  3. The credit ratings for the bonds:
    Moody's Japan K.K.: A1
    S&P Global Ratings Japan Inc.: A+
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