- News Release
- July 30, 2003
Development Bank of Japan Bond (FILP agency bond) Issues No. 8
1. Overview
On July 30, 2003, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 8 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
| Issue amount |
\50.0 billion | |
| Term | 5-year (September 22, 2008 redemption) | |
| Coupon rate | 0. 40% | |
| Issue price | \99.96 | |
| Collateral | General collateral | |
| Issue date | August 12, 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) | AAï¼ | |
| Lead-managing underwriters | Co-lead managers Nikko Citigroup Limited and Goldman Sachs Japan Co. Ltd. | |
3. Issues Expected during the Fiscal Year
In fiscal 2003, 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). (Prior to this issue, the DBJ's issue totaled \60.0 billion.) Taking market conditions and other factors into account, in principle DBJ plans to issue five-year and 10-year bonds on a quarterly basis. We plan to increase the issue amount during the fiscal year (an increase of ¥40.0 billion compared with fiscal 2002) through spot bond issues in addition to regularly scheduled bond issues.
Reference:
History of FILP agency bond issuance
| Date terms determined |
Term | Issue amount |
Investor yields |
Issue price | Spread against JGBs at launch |
|
| No. 1 bonds | 01/9/11 | 5-year | \50.0 billion | 0.603% | \99.99 | JGB+10bp |
| No. 2 bonds | 02/1/22 | 5-year | \50.0 billion | 0.787% | \99.96 | JGB+10bp |
| No. 3 bonds | 02/4/8 | 5-year | \50.0 billion | 0.673% | \99.98 | JGB+10bp |
| No. 4 bonds | 02/7/17 | 5-year | \50.0 billion | 0.523% | \99.98 | JGB+9bp |
| No. 5 bonds | 02/10/10 | 10-year | \50.0 billion | 1.238% | \99.93 | JGB+11bp |
| No. 6 bonds | 03/1/15 | 5-year | \50.0 billion | 0.413% | \99.98 | JGB+7bp |
| No. 7 bonds | 03/4/10 | 10-year | \60.0 billion | 0.785% | \99.95 | JGB+10bp |
| No. 8 bonds | 03/7/30 | 5-year | \50.0 billion | 0.407% | \99.96 | JGB+5bp |
