A story in the Jan. 14 edition of the Prospect News Investment Grade Daily incorrectly reported the spread to mid-swaps for Japan Bank for International Cooperation’s $1.5 billion of 1.25% 10-year guaranteed senior bonds. The correct spread is mid-swaps plus 25 basis points. A corrected version of the story follows:
Columbus Ohio, Jan. 14 – Japan Bank for International Cooperation priced $1.5 billion of 1.25% 10-year guaranteed senior bonds (A1/A+) on Wednesday at mid-swaps plus 25 basis points, or Treasuries plus 26.1 bps, according to an FWP filing with the Securities and Exchange Commission.
The notes were sold at 98.993 to yield 1.358%.
The notes were talked to yield in the mid-swaps plus 29 bps area.
Daiwa Capital Markets Europe Ltd., Barclays, Citigroup Global Markets Ltd. and Goldman Sachs International 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
|
| Amount: | $1.5 billion
|
| Maturity: | Jan. 21, 2031
|
| Description: | Guaranteed senior bonds
|
| Bookrunners: | Daiwa Capital Markets Europe Ltd., Barclays, Citigroup Global Markets Ltd. and Goldman Sachs International
|
| Coupon: | 1.25%
|
| Price: | 98.993
|
| Yield: | 1.358%
|
| Spread: | Mid-swaps plus 25 bps or Treasuries plus 26.1 bps
|
| Call feature: | Non-callable
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Ratings: | Moody’s: A1
|
| S&P: A+
|
| Distribution: | SEC registered
|
| Talk: | Mid-swaps plus 29 bps area
|
|
|
© 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.
