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Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) launched 5-year 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.
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The followings are the main features of the issuance:
JBIC Sixteenth 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 July 21, 2021) Coupon rate :1.500%(S.A.) Issue price :99.526% (Re-offer yield:1.599% (S.A.)) Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :July 21, 2016 Use of Funds :JBIC operations Joint Lead Managers :Citigroup Global Markets Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
BNP Paribas
Nomura International plcJBIC Seventeenth 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 July 21, 2026) Coupon rate :1.875%(S.A.) Issue price :99.475% (Re-offer yield:1.933% (S.A.)) Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :July 21, 2016 Use of Funds :JBIC operations Joint Lead Managers :Citigroup Global Markets Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
BNP Paribas
Nomura International plc - The credit ratings for the bonds:
Moody’s Japan K.K.: A1
Standard & Poor’s Ratings Japan K.K.: A+