JBIC Issues Global Dollar Bonds
Launching Twenty-sixth, Twenty-seventh, Twenty-eighth and Twenty-ninth Japanese Government Guaranteed Bonds

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July 14, 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 July 13 (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-sixth 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 July 21, 2020)
    Coupon rate :2.125% (S.A.)
    Issue price :99.948% (Re-offer yield: 2.143% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :July 21, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Daiwa Capital Markets Europe Limited
      J.P. Morgan Securities plc
      Nomura International plc

    JBIC Twenty-seventh Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.0 billion U.S. dollars
    Market :Global
    Maturity :3 years (bullet repayment due on July 21, 2020)
    Coupon rate :3M USD LIBOR(ICE) +39.0bp (Q.A.)
    Issue price :100%
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :July 21, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Daiwa Capital Markets Europe Limited
      J.P. Morgan Securities plc
      Nomura International plc

    JBIC Twenty-eighth Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.25 billion U.S. dollars
    Market :Global
    Maturity :5 years (bullet repayment due on July 21, 2022)
    Coupon rate :2.375% (S.A.)
    Issue price :99.542% (Re-offer yield: 2.473% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :July 21, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Daiwa Capital Markets Europe Limited
      J.P. Morgan Securities plc
      Nomura International plc

    JBIC Twenty-ninth Japanese Government Guaranteed Bonds

    Issuer :Japan Bank for International Cooperation
    Amount :1.25 billion U.S. dollars
    Market :Global
    Maturity :10 years (bullet repayment due on July 21, 2027)
    Coupon rate :2.875% (S.A.)
    Issue price :99.115% (Re-offer yield: 2.978% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :July 21, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :Merrill Lynch, Pierce, Fenner & Smith Incorporated
      Daiwa Capital Markets Europe Limited
      J.P. Morgan Securities plc
      Nomura International plc
  3. The credit ratings for the bonds:
    Moody's Japan K.K.: A1
    S&P Global Ratings Japan Inc.: A+
     
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