JBIC Issues Fourth Non-guaranteed Domestic Bonds
Launching JPY10 Billion Five-Year Green Bonds

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1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) launched five-year fixed rate domestic bonds without a Japanese government guarantee. These bonds are the first domestic Green Bonds to be issued by JBIC.
     
2. JBIC developed and published the JBIC Green Bond Framework (“the Framework”) in October 2021^*1.
     
3. All proceeds from these bonds will be used for green finance to fund existing or future eligible projects in accordance with the Framework.
     
4. As Japan's policy-based financial institution, JBIC will continue to provide financial support for initiatives related to climate change and environmental conservation through various financial facilities and schemes.
     
5. The following are the main features of the issuance:
    

   JBIC Fourth Non-guaranteed Domestic Bonds

   Issuer	：Japan Bank for International Cooperation
   Amount	：JPY10 billion
   Maturity	：5 years (bullet repayment due on March 19, 2029)
   Coupon rate	：0.639%
   Issue price	：100%
   Collateral	：Bondholders will have preferential rights to receive payment prior to other unsecured debts (ippantanpo) under the Japan Bank for International Cooperation Act
   Settlement date	：May 28, 2024
   Use of proceeds	：For existing or future eligible projects in accordance with the Framework under the Account for Ordinary Operations
   Joint lead managers	：Mizuho Securities Co., Ltd.    Nomura Securities Co., Ltd.    Mitsubishi UFJ Morgan Stanley Securities Co., Ltd

     
6. The credit rating for the bonds:
   Moody's Japan K.K.: A1
   S&P Global Ratings Japan Inc.: A+
   Rating and Investment Information, Inc.: AA+
   Japan Credit Rating Agency, Ltd.: AAA
     

Note

1. *1 
   See press release on October 29, 2021.