- News Release
- April. 4, 2008
Development Bank of Japan Bond (FILP agency bond) Issues No. 45 and No. 46
1. Overview
On April 4, 2008, DBJ (Governor: Minoru Murofushi) decided on terms for issuing No. 45 and No. 46 FILP agency bonds (publicly issued bonds without government guarantee).
2. Bond issue details
| Category | No. 45 bonds | No. 46 bonds | ||||||||
| Issue amount |
\50.0 billion | \30.0 billion | ||||||||
| Term | 5-year (March 19, 2013 redemption) |
10-year (March 20, 2018 redemption) |
||||||||
| Coupon rate | 1. 11% | 1. 69% | ||||||||
| Issue price | \99.98 | \99.94 | ||||||||
| Collateral | General collateral | |||||||||
| Issue date | April 10, 2008 | |||||||||
| Ratings |
|
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| Lead-managing underwriters | Co-lead managers Mitsubishi UFJ Securities Co., Ltd., Daiwa Securities SMBC Co. Ltd. and Merrill Lynch Japan Securities Co., Ltd. |
Co-lead managers Mitsubishi UFJ Securities Co., Ltd. and Nomura Securities Co. Ltd. |
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3. Issues Expected during the Fiscal Year
In the first half of fiscal 2008, DBJ plans to place its largest bond issue to date. We plan to issue \250.0 billion in bonds without a government guarantee (FILP agency bonds).
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, as well as spot bond issues as market conditions and other factors dictate.
In the second half, as the Development Bank of Japan Inc. we plan to float various corporate bonds with a maximum issue amount of \70.0 billion.
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 | 05/7/27 | 15-year | \10.0 billion | 1.70% | \99.88 | 1.709% | +10bp |
| No. 21 bonds | 05/7/27 | 5-year | \50.0 billion | 0.57% | \99.96 | 0.577% | +6bp |
| No. 22 bonds | 05/8/11 | 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 | 06/8/30 | 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 | 07/1/25 | 5-year | \50.0 billion | 1.30% | \99.97 | 1.306% | +12bp |
| No. 29 bonds | 07/1/25 | 10-year | \20.0 billion | 1.86% | \99.93 | 1.867% | +20bp |
| No. 30 bonds | 07/3/13 | 12-year | \10.0 billion | 1.93% | \99.98 | 1.931% | +17bp |
| No. 31 bonds | 07/3/14 | 30-year | \20.0 billion | 2.63% | \99.94 | 2.633% | +35bp |
| No. 32 bonds | 07/4/11 | 5-year | \40.0 billion | 1.33% | \99.98 | 1.334% | +12bp |
| No. 33 bonds | 07/4/11 | 10-year | \25.0 billion | 1.80% | \99.93 | 1.807% | +14bp |
| No. 34 bonds | 07/4/20 | 30-year | \15.0 billion | 2.67% | \100.00 | 2.670% | +32bp |
| No. 35 bonds | 07/5/9 | 40-year | \20.0 billion | 2.74% | \99.85 | 2.746% | +40bp |
| No. 36 bonds | 07/5/22 | 20-year | \10.0 billion | 2.23% | \99.95 | 2.233% | +16bp |
| No. 37 bonds | 07/5/23 | 7-year | \10.0 billion | 1.55% | \99.95 | 1.557% | +11bp |
| No. 38 bonds | 07/9/12 | 5-year | \20.0 billion | 1.27% | \99.99 | 1.272% | +17bp |
| No. 39 bonds | 07/9/12 | 10-year | \20.0 billion | 1.75% | \99.91 | 1.760% | +20bp |
| No. 40 bonds | 07/11/8 | 5-year | \20.0 billion | 1.22% | \99.95 | 1.230% | +15bp |
| No. 41 bonds | 07/11/8 | 10-year | \20.0 billion | 1.73% | \99.96 | 1.735% | +18bp |
| No. 42 bonds | 07/12/5 | 20-year | \10.0 billion | 2.25% | \100.00 | 2.250% | +22bp |
| No. 43 bonds | 08/2/6 | 5-year | \20.0 billion | 1.10% | \99.96 | 1.108% | +18bp |
| No. 44 bonds | 08/2/6 | 10-year | \10.0 billion | 1.63% | \99.91 | 1.639% | +21bp |
| No. 45 bonds | 08/4/4 | 5-year | \50.0 billion | 1.11% | \99.98 | 1.114% | +30bp |
| No. 46 bonds | 08/4/4 | 10-year | \30.0 billion | 1.69% | \99.94 | 1.696% | +34bp |
(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 |
