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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.
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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 LLCJBIC 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 LLCJBIC 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 LLCJBIC 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 - The credit ratings for the bonds:
Moody's Japan K.K.: A1
S&P Global Ratings Japan Inc.: A+