- News Release
- September. 12, 2007
Development Bank of Japan Bond (FILP agency bond) Issues No. 38 and No. 39
1. Overview
On September 12, 2007, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 38 and No. 39 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
| Category | No. 38 bonds | No. 39 bonds | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Issue amount |
\20.0 billion | \20.0 billion | ||||||||
| Term | 5-year (September 20, 2012 redemption) |
10-year (September 20, 2017 redemption) |
||||||||
| Coupon rate | 1. 27% | 1. 75% | ||||||||
| Issue price | \99.99 | \99.91 | ||||||||
| Collateral | General collateral | |||||||||
| Issue date | September 20, 2007 | |||||||||
| Ratings |
|
|||||||||
| Lead-managing underwriters | Co-lead managers Nomura Securities Co. Ltd. and Merrill Lynch Japan Securities Co., Ltd. |
Co-lead managers Nomura Securities Co. Ltd. and Mizuho 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 \210.0 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
(Portion issued in the Japanese market)
| 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 |
| No. 38 bonds | 07/09/12 | 5-year | \20.0 billion | 1.27% | \99.99 | 1.272% | +17bp |
| No. 39 bonds | 07/09/12 | 10-year | \20.0 billion | 1.75% | \99.91 | 1.760% | +20bp |
(Portion issued in overseas markets)
| Date terms determined |
Term | Issue amount |
Interest rate |
Issue price | Investor yields |
Spread against JGBs at launch |
|
| No. 1 bonds (Euroyen) |
07/6/13 | 5-year | \50.0 billion | 1.65% | \99.851 | 1.681% | +9bp |
