By Wendy Van Sickle
Columbus Ohio, Oct. 11 – Japan Bank for International Cooperation priced $500 million of 4.875% five-year guaranteed senior bonds (A1/A+) on Wednesday at Treasuries plus 36.7 basis points, according to an FWP filing with the Securities and Exchange Commission.
The notes were sold at 99.615 to yield 4.963%.
Citigroup Global Markets Ltd., BofA Securities Inc., Daiwa Capital Markets Europe Ltd. and Mizuho Securities USA LLC were the bookrunners.
The bonds are guaranteed by Japan.
Proceeds from the deal will be used for ordinary operations of the bank.
The financial institution is based in Tokyo.
| Issuer: | Japan Bank for International Cooperation
|
| Guarantor: | Japan
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| Amount: | $500 million
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| Issue: | Guaranteed senior bonds
|
| Maturity: | Oct. 18, 2028
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| Bookrunners: | Citigroup Global Markets Ltd., BofA Securities Inc., Daiwa Capital Markets Europe Ltd. and Mizuho Securities USA LLC
|
| Fiscal agent: | MUFG Bank, Ltd., London Branch
|
| Counsel to issuer: | Mori Hamada & Matsumoto
|
| Counsel to underwriters: | Skadden, Arps, Slate, Meagher & Flom LLP
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| Coupon: | 4.875%
|
| Price: | 99.615
|
| Yield: | 4.963%
|
| Spread: | Treasuries plus 36.7 bps
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| Call feature: | Non-callable
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| Trade date: | Oct. 11
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| Settlement date: | Oct. 18
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Distribution: | SEC registered
|
| Cusip: | 471048CY2
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