Japan Bank for International Cooperation talks benchmark guaranteed bonds in two tranches

By Aleesia Forni

Virginia Beach, May 19 – Japan Bank for International Cooperation set price talk for a benchmark two-part offering of guaranteed bonds (A1/AA-/) on Tuesday, according to a market source and a 424B5 filed with the Securities and Exchange Commission.

The sale includes five-year notes talked in the mid-swaps plus high-teens basis points area and 10-year notes talked in the mid-swaps plus high-20 bps area.

The notes will be guaranteed by Japan.

Barclays, Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are the joint bookrunners.

Proceeds will be used for the bank’s financing operations.

The financial institution is based in Tokyo.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.