- News Release
- May. 23, 2007
Development Bank of Japan Bond (FILP agency bond) Issues No. 37
1. Overview
On May 23, 2007, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 37 FILP agency bonds (publicly issued bonds without government guarantee).
Note: On May 17, 2007, DBJ announced is selection of lead managers for this issue of seven-year bonds, the No. 36 Development Bank of Japan bonds (FILP agency bonds). However, as the Bank decided on conditions for a 20-year bond issue on May 22, 2007, which had already been named the No. 36 Development Bank of Japan bonds, the name of the seven-year bond issue was changed to the No. 37 Development Bank of Japan bonds.
2. Bond issue details
| Issue amount |
\10.0 billion | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Term | 7-year (June 20, 2014 redemption) |
||||||||
| Coupon rate | 1. 55% | ||||||||
| Issue price | \99.95 | ||||||||
| Collateral | General collateral | ||||||||
| Issue date | May 29, 2007 | ||||||||
| Ratings |
|
||||||||
| Lead-managing underwriters | Co-lead managers Nikko Citigroup Limited and Morgan Stanley Japan Securities Co., Ltd. |
3. Issues Expected during the Fiscal Year
In fiscal 2007, DBJ plans to issued FILP agency bonds of up to a maximum of \290.0 billion. (Prior to this issue, the DBJ's issue totaled \120.0 billion.) 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 |
| 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 |
| No. 27 bonds | 06/11/9 | 10-year | \20.0 billion | 1.98% | \99.95 | 1.985% | +26bp |
| No. 28 bonds | 07/01/25 | 5-year | \50.0 billion | 1.30% | \99.97 | 1.306% | +12bp |
| No. 29 bonds | 07/01/25 | 10-year | \20.0 billion | 1.86% | \99.93 | 1.867% | +20bp |
| No. 30 bonds | 07/03/13 | 12-year | \10.0 billion | 1.93% | \99.98 | 1.931% | +17bp |
| No. 31 bonds | 07/03/14 | 30-year | \20.0 billion | 2.63% | \99.94 | 2.633% | +35bp |
| No. 32 bonds | 07/04/11 | 5-year | \40.0 billion | 1.33% | \99.98 | 1.334% | +12bp |
| No. 33 bonds | 07/04/11 | 10-year | \25.0 billion | 1.80% | \99.93 | 1.807% | +14bp |
| No. 34 bonds | 07/04/20 | 30-year | \15.0 billion | 2.67% | \100.00 | 2.670% | +32bp |
| No. 35 bonds | 07/05/09 | 40-year | \20.0 billion | 2.74% | \99.85 | 2.746% | +40bp |
| No. 36 bonds | 07/05/22 | 20-year | \10.0 billion | 2.23% | \99.95 | 2.233% | +16bp |
| No. 37 bonds | 07/05/23 | 7-year | \10.0 billion | 1.55% | \99.95 | 1.557% | +11bp |
