Development Bank of Japan Bond (FILP agency bond) Issues No. 26

1. Overview

On October11, 2006, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 26 FILP agency bonds (publicly issued bonds without government guarantee).

2. Bond issue details

Issue
amount

\80.0 billion

Term

5-year (September 20, 2011 redemption)

Coupon rate

1. 40%

Issue price

\99.97

Collateral

General collateral

Issue date

October 20, 2006

Ratings

Rating and Investment Information, Inc.	AAA
Japan Credit Rating Agency, Ltd.	AAA
Moody' Investor Service Inc.	A2
Standard and Poor's (S&P)	AA－

Lead-managing underwriters

Co-lead managers Mitsubishi UFJ Securities Co., Ltd. and Mizuho Securities Co., Ltd.

3. Issues Expected during the Fiscal Year

In fiscal 2006, DBJ plans to issue FILP agency bonds in an amount of up to \240.0 billion. The issue period and other details are to be determined flexibly in accordance with market and other conditions.

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
No. 25 bonds	06/08/30	5-year	\35.0 billion	1.41%	\100.00	1.410%	+24bp
No. 26 bonds	06/10/11	5-year	\80.0 billion	1.40%	\99.97	1.406%	+21bp