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Japan Bank for International Cooperation (JBIC; Governor: Tadashi Maeda) launched 5-year fixed rate and 10-year fixed rate Global Dollar Bonds guaranteed by the government of Japan on October 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 Thirty-sixth Japanese Government Guaranteed Bonds
Issuer :Japan Bank for International Cooperation Amount :2.0 billion U.S. dollars Market :Global Maturity :5 years (bullet repayment due on October 31, 2023) Coupon rate :3.375% (S.A.) Issue price :99.872% (Re-offer yield: 3.403% (S.A.)) Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :October 31, 2018 Use of Funds :JBIC ordinary operations Joint Lead Managers :Goldman Sachs International
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Daiwa Capital Markets Europe Limited
Nomura International plcJBIC Thirty-seventh Japanese Government Guaranteed Bonds
Issuer :Japan Bank for International Cooperation Amount :1.0 billion U.S. dollars Market :Global Maturity :10 years (bullet repayment due on October 31, 2028) Coupon rate :3.5 % (S.A.) Issue price :99.017% (Re-offer yield: 3.618% (S.A.)) Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :October 31, 2018 Use of Funds :JBIC ordinary operations Joint Lead Managers :Goldman Sachs International
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Daiwa Capital Markets Europe Limited
Nomura International plc - The credit ratings for the bonds:
Moody's Japan K.K.: A1
S&P Global Ratings Japan Inc.: A+