- News Release
- July 27, 2005
Development Bank of Japan Bond (FILP agency bond)
Issues No. 20 and No. 21
1. Overview
On July 27, 2005, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 20 and No. 21 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
Category | No. 20 bonds | No. 21 bonds | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Issue amount |
\10.0 billion | \50.0 billion | ||||||||
Term | 15-year (September 18, 2020 redemption) |
5-year (September 17, 2010 redemption) |
||||||||
Coupon rate | 1. 70% | 0. 57% | ||||||||
Issue price | \99.88 | \99.96 | ||||||||
Collateral | General collateral | |||||||||
Issue date | August 9, 2005 | |||||||||
Ratings |
|
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Lead-managing underwriters | Co-lead managers Nikko Citigroup Limited and Merrill Lynch Japan Securities Co., Ltd. | Co-lead managers Nikko Citigroup Limited and Mitsubishi Securities |
3. Issues Expected during the Fiscal Year
In the first half of fiscal 2005, 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 \50.0 billion.) As in fiscal 2004, 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 |
No. 14 bonds | 04/7/27 | 5-year | \50.0 billion | 0.99% | \99.96 | 0.998% | +9bp |
No. 15 bonds | 04/8/24 | 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 | 04/12/1 | 7-year | \20.0 billion | 1.05% | \99.98 | 1.052% | +6bp |
No. 18 bonds | 05/1/19 | 5-year | \40.0 billion | 0.62% | \99.95 | 0.629% | +6bp |
No. 19 bonds | 05/4/15 | 10-year | \50.0 billion | 1.40% | \99.97 | 1.403% | +7.5bp |
No. 20 bonds | 05/07/27 | 15-year | \10.0 billion | 1.70% | \99.88 | 1.709% | +10bp |
No. 21 bonds | 05/07/27 | 5-year | \50.0 billion | 0.57% | \99.96 | 0.577% | +6bp |