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