Development Bank of Japan

  • News Release
  • January 22, 2004
  • Development Bank of Japan Inc.

Development Bank of Japan Bond (FILP agency bond) Issues No. 12

1. Overview

On January 22, 2004, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 12 FILP agency bonds (publicly issued bonds without government guarantee).

2. Bond issue details

Issue
amount
\50.0 billion
Term 5-year (March 19, 2009 redemption)
Coupon rate 0. 68%
Issue price \99.99
Collateral General collateral
Issue date February 4, 2004
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 Nomura Securities Co. Ltd. And Merrill Lynch Japan Securities Co., Ltd.

3. Issues Expected during the Next Fiscal Year

In fiscal 2004, DBJ plans to place its largest bond issue to date. We plan to issue \240.0 billion in bonds without a government guarantee (FILP agency bonds).


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
No. 10 bonds 03/12/3 7-year \20.0 billion 1.17% \99.94 1.178% +10bp
No. 11 bonds 03/12/3 15-year \10.0 billion 1.83% \99.94 1.834% +17bp
No. 12 bonds 04/1/22 5-year \50.0 billion 0.68% \99.99 0.681% +11bp