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FAQs Related to Bonds

Here, we introduce samples of bond-related questions customers have raised.

1  What is the seniority relationship of DBJ's FILP agency bonds to other bonds?
Under the Development Bank of Japan Law (the “DBJ Law"), all holders of bonds issued by the Development Bank of Japan (the "former DBJ") prior to 1 October 2008 have a preferential right (so-called general collateral) to be paid prior to other, unsecured, indebtedness, with the exception of obligations in respect of national and local taxes and subject to certain rights provided in the Civil Code of Japan, such as preferential rights of employees to wages.
2  What is "general collateral"?
See Q1. General collateral is not attached to the bonds issued on or after 1 October by Development Bank of Japan Inc. ("DBJ").
3  How long will DBJ issue government-guaranteed bonds after its privatization?
Government-guaranteed bonds will be issued from time to time with the minister of finance's approval until the full-scale privatization. Any government-guaranteed bonds currently outstanding or issued before the full-scale privatization will continue to be unconditionally and irrevocably guaranteed by the Japanese government.
4  What are your plans for issuing FY 2009 FILP agency bonds?
DBJ have been authorized to issue up to an aggregate principal amount of JPY 240 billion in bonds without a guarantee from the Japanese government for fiscal year 2009, ending March 2010.
5 Please provide an overview of your recent operating performance.
Please visit: http://www.dbj.jp/en/ir/financial/index.html
6 Please describe your future management plans.
Please visit: http://www.dbj.jp/en/ir/about/plan.html
7 Who can I contact for more detailed information?
Useful information for investors will be updated on our website as needed. If you need further information, please contact the following:
Division of Financing, Treasury Department
TEL: +81-3-3244-1855

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