- News Release
- October. 14, 2005
Development Bank of Japan Bond (FILP agency bond) Issues No. 23 and No. 24
1. Overview
On October 14, 2006, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 23 and No. 24 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
| Category | No. 23 bonds | No. 24 bonds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Issue amount |
\20.0 billion | \40.0 billion | ||||||||
| Term | 4-year (December 18, 2009 redemption) |
10-year (September 18, 2015 redemption) |
||||||||
| Coupon rate | 0. 77% | 1. 65% | ||||||||
| Issue price | \99.99 | \99.96 | ||||||||
| Collateral | General collateral | |||||||||
| Issue date | October 27, 2005 | |||||||||
| Ratings |
|
|||||||||
| Lead-managing underwriters | Co-lead managers Nomura Securities Co. Ltd. and Mizuho Securities Co., Ltd. | |||||||||
3. Issues Expected during the Fiscal Year
In fiscal 2005, DBJ plans to issued FILP agency bonds of up to a maximum of \240.0 billion yen. (Prior to this issue, the DBJ's largest issue totaled \140.0 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 |
| No. 22 bonds | 05/08/11 | 6-year | \30.0 billion | 0.92% | \99.95 | 0.928% | +5.5bp |
| No. 23 bonds | 05/10/14 | 4-year | \20.0 billion | 0.77% | \99.99 | 0.772% | +5.5bp |
| No. 24 bonds | 05/10/14 | 10-year | \40.0 billion | 1.65% | \99.96 | 1.654% | +8bp |
