Development Bank of Japan

  • News Release
  • November 3, 2003
  • Development Bank of Japan Inc.

Development Bank of Japan Bond (FILP agency bond)
Issues No. 10 and No. 11

No. 10 FILP agency bonds

1. Overview

On December 3, 2003, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 10 FILP agency bonds (publicly issued bonds without government guarantee).

2. Bond issue details

Issue
amount
\20.0 billion
Term 7-year (December 20, 2010 redemption)
Coupon rate 1.17%
Issue price \99.94
Collateral General collateral
Issue date December 16, 2003
Ratings Rating and Investment Information, Inc. AAA
Japan Credit Rating Agency, Ltd. AAA
Moody' Investor Service Inc. A2
Standard and Poor's (S&P) AA-
Lead-managing underwriters Co-lead managers Mizuho Securities Co., Ltd. and Deutsche Securities Inc. Deutsche Securities Inc.

No. 11 FILP agency bonds

1. Overview

On December 3, 2003, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 11 FILP agency bonds (publicly issued bonds without government guarantee).

2. Bond issue details

Issue
amount
\10.0 billion
Term 15-year (September 20, 2018 redemption)
Coupon rate 1.83%
Issue price \99.94
Collateral General collateral
Issue date December 16, 2003
Ratings Rating and Investment Information, Inc. AAA
Japan Credit Rating Agency, Ltd. AAA
Moody' Investor Service Inc. A2
Standard and Poor's (S&P) AA-
Lead-managing underwriters Co-lead managers Mizuho Securities Co., Ltd. And Deutsche Securities Inc.

Reference:

History of FILP agency bond issuance

  Date terms
determined
Term Issue
amount
Interest
rate
Issue price Investor
yields
Spread against
JGBs at launch
No. 1 bonds 01/9/11 5-year \50.0 billion 0.60% \99.99 0.603% +10bp
No. 2 bonds 02/1/22 5-year \50.0 billion 0.78% \99.96 0.787% +10bp
No. 3 bonds 02/4/8 5-year \50.0 billion 0.67% \99.98 0.673% +10bp
No. 4 bonds 02/7/17 5-year \50.0 billion 0.52% \99.98 0.523% +9bp
No. 5 bonds 02/10/10 10-year \50.0 billion 1.23% \99.93 1.238% +11bp
No. 6 bonds 03/1/15 5-year \50.0 billion 0.41% \99.98 0.413% +7bp
No. 7 bonds 03/4/10 10-year \60.0 billion 0.78% \99.95 0.785% +10bp
No. 8 bonds 03/7/30 5-year \50.0 billion 0.40% \99.96 0.407% +5bp
No. 9 bonds 03/10/16 10-year \50.0 billion 1.58% \99.99 1.581% +12bp