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Published on 11/15/2007 in the Prospect News Investment Grade Daily.

New Issue: JBIC prices $1 billion 4.375% five-year bonds at Treasuries plus 73.5 bps

By Andrea Heisinger

Omaha, Nov. 15 - Japan Bank for International Cooperation (JBIC) priced $1 billion of 4.375% five-year guaranteed bonds Thursday at Treasuries plus 73.5 basis points, according to a Securities and Exchange Commission filing.

The bonds (Aaa/AA) priced at 99.455 to yield 4.498%.

Bookrunners were Citigroup, Deutsche Bank and Morgan Stanley.

The financial aid bank for promotion of Japanese business overseas is based in Tokyo.

Issuer:Japan Bank for International Cooperation
Issue:Guaranteed bonds
Amount:$1 billion
Maturity:Nov. 26, 2012
Bookrunners:Citigroup, Deutsche Bank, Morgan Stanley
Coupon:4.375%
Price:99.455
Yield:4.498%
Spread:Treasuries plus 73.5 bps
Trade date:Nov. 15
Settlement date:Nov. 26
Ratings:Moody's: Aaa
Standard & Poor's: AA

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