Partial Acquisition of Privately Placed Samurai Bonds Issued by Bank Gospodarstwa Krajowego of Poland
Supporting Humanitarian Aid for Refugees from Ukraine

• Region: Europe
• Others
• Untied Loans

1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) partially acquired yen-denominated foreign bonds (Samurai bonds) today under the Guarantee and Acquisition toward Tokyo market Enhancement (GATE)^*1financing facility. These Samurai bonds, totaling JPY47.3 billion, were issued by Bank Gospodarstwa Krajowego (BGK; President of the Management Board: Mirosław Czekaj) of Poland, through private placement in the Japanese market.
     
2. BGK is a policy-based financial institution wholly owned by the government of Poland that provides financial services to support the sustainable economic and social development of Poland. JBIC signed a Memorandum of Understanding^*2with BGK in September 2022 and has had discussions for further strengthening cooperation in multiple areas, including assistance for Ukraine. As part of this cooperation, JBIC provided guarantees for Samurai bonds issued by BGK in May 2023, thereby supporting BGK’s fundraising efforts^*3.
     
3. The government of Japan has endeavored to strengthen its relationship with Ukraine and Poland. A case in point is former Prime Minister KISHIDA Fumio’s visit to these two countries in March 2023, during which he conveyed Japan’s solidarity and unwavering support for Ukraine. Furthermore, at the G7 Summit held in June 2025 and the Virtual Leaders Meeting of the Coalition of the Willing on Ukraine in September 2025, former Prime Minister ISHIBA reaffirmed Japan’s commitment to continuing support for Ukraine in cooperation with the international community. Under these circumstances, in Poland, one of the main destinations for refugees from Ukraine, the Aid Fund was established in BGK. It raises and channels funds for humanitarian assistance including medical care, education, and housing for refugees.
     
4. The Samurai bonds are intended to contribute to the Aid Fund in support of its activities related to Ukraine. Furthermore, supporting BGK’s Samurai bond issuance will contribute toward maintaining and increasing its presence in the Tokyo bond market. It will also offer a wide range of investment opportunities to Japanese investors, thereby invigorating the Samurai bond market.
     
5. JBIC will continue to support the issuance of Samurai bonds by foreign governments and their agencies in the Tokyo bond market by utilizing its GATE facility, as well as contributing toward further deepening and developing economic relations between Japan and other countries.
     

Note

1. *1 
   See Press Release on April 15, 2010.
2. *2 
   See Press Release on September 21, 2022.
3. *3 
   See Press Release on May 18, 2023.