- News Release
- December 1, 2004
Development Bank of Japan Bond (FILP agency bond) Issues No. 17
1. Overview
On December 1, 2004, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 17 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
| Issue amount |
\20.0 billion | |
|---|---|---|
| Term | 7-year (December 20, 2011 redemption) | |
| Coupon rate | 1. 05% | |
| Issue price | \99.98 | |
| Collateral | General collateral | |
| Issue date | December 14, 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 Mizuho Securities Co., Ltd. and Goldman Sachs Japan Co. Ltd. , Tokyo Branch |
|
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). (Prior to this issue, the DBJ's issue totaled \180.0 billion.) 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.
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 | 01/09/11 | 5-year | \50.0 billion | 0.60% | \99.99 | 0.603% | +10bp |
| No. 2 bonds | 02/01/22 | 5-year | \50.0 billion | 0.78% | \99.96 | 0.787% | +10bp |
| No. 3 bonds | 02/04/08 | 5-year | \50.0 billion | 0.67% | \99.98 | 0.673% | +10bp |
| No. 4 bonds | 02/07/17 | 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 | 03/01/15 | 5-year | \50.0 billion | 0.41% | \99.98 | 0.413% | +7bp |
| No. 7 bonds | 03/04/10 | 10-year | \60.0 billion | 0.78% | \99.95 | 0.785% | +10bp |
| No. 8 bonds | 03/07/30 | 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 | 03/12/03 | 7-year | \20.0 billion | 1.17% | \99.94 | 1.178% | +10bp |
| No. 11 bonds | 03/12/03 | 15-year | \10.0 billion | 1.83% | \99.94 | 1.834% | +17bp |
| No. 12 bonds | 04/01/22 | 5-year | \50.0 billion | 0.68% | \99.99 | 0.681% | +11bp |
| No. 13 bonds | 04/04/16 | 10-year | \50.0 billion | 1.59% | \99.96 | 1.594% | +8bp |
| No. 14 bonds | 04/07/27 | 5-year | \50.0 billion | 0.99% | \99.96 | 0.998% | +9bp |
| No. 15 bonds | 04/08/24 | 4-year | \30.0 billion | 0.64% | \99.99 | 0.642% | +7bp |
| No. 16 bonds | 04/10/15 | 10-year | \50.0 billion | 1.52% | \99.97 | 1.523% | +8bp |
| No. 17 bonds | 04/12/01 | 7-year | \20.0 billion | 1.05% | \99.98 | 1.052% | +6bp |
