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JBIC Issues Global Dollar Bonds
Launching Third and Fourth Japanese Government Guaranteed Bonds

  • Region: Others
  • Others
NR/2013-45
July 24, 2013
  1. Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Okuda) launched 5-year and 10-year fixed rate Global Dollar Bonds guaranteed by the Japanese government on July 23 (New York City time). The issue has successfully attracted the demands from wide range of international investors, mostly in Asia, Europe and the Middle East and North America.
     
  2. The followings are the main features of the issuance:
     

    JBIC Third Japanese Government Guaranteed Bonds


    Issuer Japan Bank for International Cooperation
    Amount 2.5 billion U.S. dollars
    Market Global
    Maturity 5 years (bullet repayment due on July 31, 2018)
    Coupon rate 1.750%(S.A.)
    Issue price 99.430% (Re-offer yield: 1.870% (S.A.))
    Guarantor The Government of Japan
    Listing  Luxembourg Stock Exchange
    Payment date July 31, 2013
    Use of Funds JBIC operations
    Joint Lead Managers

    Barclays Bank PLC

    Deutsche Bank AG, London Branch

    Goldman Sachs International

    Daiwa Capital Markets Europe Limited


    JBIC Fourth Japanese Government Guaranteed Bonds


    Issuer Japan Bank for International Cooperation
    Amount 1 billion U.S. dollars
    Market Global
    Maturity 10 years (bullet repayment due on July 31, 2023)
    Coupon rate 3.375%(S.A.)
    Issue price 99.874% (Re-offer yield: 3.390% (S.A.))
    Guarantor The Government of Japan
    Listing  Luxembourg Stock Exchange
    Payment date July 31, 2013
    Use of Funds JBIC operations
    Joint Lead Managers

    Barclays Bank PLC

    Deutsche Bank AG, London Branch

    Goldman Sachs International

    Daiwa Capital Markets Europe Limited

     

  3. The credit ratings for the bonds: 
    Moody's Japan K.K.: Aa3 
    Standard & Poor's Ratings Japan K.K.: AA-

     

 

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