- News Release
- April 16, 2004
Development Bank of Japan Bond (FILP agency bond) Issues No. 13
1. Overview
On April 16, 2004, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 13 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
Issue amount |
\50.0 billion | |
---|---|---|
Term | 10-year (March 20, 2014 redemption) | |
Coupon rate | 1. 59% | |
Issue price | \99.96 | |
Collateral | General collateral | |
Issue date | April 30, 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) | AAï¼ | |
Lead-managing underwriters | Co-lead managers Daiwa Securities SMBC Co. Ltd. and Mitsubishi Securities |
3. Issues Expected during the 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). As in fiscal 2003, DBJ's policy on bond issues calls primarily for issuing five-year and 10-year bonds on essentially a quarterly basis, taking market conditions and other factors into account. Plans also call for spot bond issues in addition to regularly scheduled bond issues as market conditions and other factors dictate.
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 |
No. 13 bonds | 04/4/16 | 10-year | \50.0 billion | 1.59% | \99.96 | 1.594% | +8bp |