Japan Bank for International Cooperation talks two-part offering of five-year, 10-year bonds

By Cristal Cody

Tupelo, Miss., Oct. 23 – Japan Bank for International Cooperation plans to price two tranches of guaranteed senior bonds (A1/A+) on Wednesday, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

The deal includes notes due Oct. 31, 2023 that were initially talked to price in the mid-swaps plus 3 basis points area.

Initial price talk on the notes due Oct. 31, 2028 was in the mid-swaps plus 43 bps area.

Goldman Sachs International, BofA Merrill Lynch, Daiwa Capital Markets Europe Ltd. and Nomura International plc are the bookrunners.

The notes will be guaranteed by Japan.

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

The financial institution is based in Tokyo.

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