JBIC Issues Global Dollar Bonds
Launching Thirtieth, Thirty-first and Thirty-second Japanese Government Guaranteed Bonds

  • Area: Others
  • Others

 
November 8, 2017
  1. Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) launched 3-year fixed rate, 5-year fixed rate and 10-year fixed rate Global Dollar Bonds guaranteed by the government of Japan on November 7 (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 Thirtieth 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 November 16, 2020)
    Coupon rate :2.125% (S.A.)
    Issue price :99.781% (Re-offer yield: 2.201% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :November 16, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :J.P. Morgan Securities plc
      Barclays Bank PLC
      Daiwa Capital Markets Europe Limited
      Goldman Sachs International

    JBIC Thirty-first 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 November 16, 2022)
    Coupon rate :2.375% (S.A.)
    Issue price :99.836% (Re-offer yield: 2.410% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :November 16, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :J.P. Morgan Securities plc
      Barclays Bank PLC
      Daiwa Capital Markets Europe Limited
      Goldman Sachs International

    JBIC Thirty-second 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 November 16, 2027)
    Coupon rate :2.750% (S.A.)
    Issue price :99.922% (Re-offer yield: 2.759% (S.A.))
    Guarantor :The Government of Japan
    Listing :Luxembourg Stock Exchange
    Payment date :November 16, 2017
    Use of Funds :JBIC ordinary operations
    Joint Lead Managers :J.P. Morgan Securities plc
      Barclays Bank PLC
      Daiwa Capital Markets Europe Limited
      Goldman Sachs International
  3. The credit ratings for the bonds:
    Moody’s Japan K.K.: A1
    S&P Global Ratings Japan Inc.: A+
     
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