Japan Bank for International Cooperation marketing five-year guaranteed bonds, sets talk

By William Gullotti and Cristal Cody

Buffalo, N.Y., Jan. 11 – Japan Bank for International Cooperation is planning to sell five-year guaranteed green bonds on Wednesday that are talked to yield in the mid-swaps plus 39 basis points area, according to a market source and additional details from a 424B5 filed with the Securities and Exchange Commission.

The bonds due Jan. 20, 2027 will be guaranteed by Japan and are callable under certain treaty-related conditions at par plus interest.

J.P. Morgan Securities plc, Credit Agricole CIB, Daiwa Capital Markets Europe Ltd. and Morgan Stanley & Co. International plc are the underwriters for the intended offering.

Fixed income investor calls for the offering started on Nov. 29.

Proceeds of the SEC registered bonds will be used for the bank’s ordinary operations or for future eligible green projects.

The financial institution is based in Tokyo.

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