New Issue: JBIC prices $1.5 billion 4.25% five-year bonds at Treasuries plus 86.5 bps

By Andrea Heisinger

Omaha, June 11 - Japan Bank for International Cooperation (JBIC) priced $1.5 billion 4.25% guaranteed bonds on Wednesday to yield Treasuries plus 86.5 basis points, according to an FWP filing with the Securities and Exchange Commission.

The bonds (Aaa/AA/) priced at 99.511 to yield 4.36%.

Bookrunners were BNP Paribas Securities, J.P. Morgan Securities Inc. and Morgan Stanley & Co., Inc.

The Japanese governmental financial aid institution is based in Tokyo.

Issuer:	Japan Bank for International Cooperation
Issue:	Guaranteed bonds
Amount:	$1.5 billion
Maturity:	June 18, 2013
Bookrunners:	BNP Paribas Securities, J.P. Morgan Securities Inc., Morgan Stanley & Co., Inc.
Coupon:	4.25%
Price:	99.511
Yield:	4.36%
Spread:	Treasuries plus 86.5 bps
Trade date:	June 11
Settlement date:	June 18
Ratings:	Moody's: Aaa
	Standard & Poor's: AA

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