JBIC Issues Global Dollar Bonds
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Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) launched 3-year fixed rate and floating rate Global Dollar Bonds guaranteed by the government of Japan on February 14 (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 Twentieth 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 February 24, 2020) Coupon rate :2.250% (S.A.) Issue price :99.726% (Re-offer yield: 2.345% (S.A.)) Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :February 24, 2017 Use of Funds :JBIC operations Joint Lead Managers :Barclays Bank PLC
Citigroup Global Markets Inc.
Daiwa Capital Markets Europe Limited
J.P. Morgan Securities plcJBIC Twenty-first 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 February 24, 2020) Coupon rate :3M USD LIBOR(ICE) + 57bp (Q.A.) Issue price :100% Guarantor :The Government of Japan Listing :Luxembourg Stock Exchange Payment date :February 24, 2017 Use of Funds :JBIC operations Joint Lead Managers :Barclays Bank PLC
Citigroup Global Markets Inc.
Daiwa Capital Markets Europe Limited
J.P. Morgan Securities plc - The credit ratings for the bonds:
Moody’s Japan K.K.: A1
Standard & Poor’s Ratings Japan K.K.: A+