Development Bank of Japan

  • News Release
  • October 10, 2002
  • Development Bank of Japan Inc.

Development Bank of Japan Bond (FILP agency bond) Issues No. 5

1. Overview

On October 10, 2002, DBJ (Governor: Takeshi Komura) decided on terms for issuing No. 5 FILP agency bonds (publicly issued bonds without government guarantee).

2. Bond issue details

Issue
amount
\50.0 billion
Term 10-year (September 2012 redemption)
Coupon rate 1. 230%
Issue price \99.93
Collateral General collateral
Issue date October 24, 2002
Ratings Rating and Investment Information, Inc. AAA
Japan Credit Rating Agency, Ltd. AAA
Moody' Investor Service Inc. A2
Standard and Poor's (S&P) AAï¼
Lead-managing underwriters Co-lead managers Nomura Securities Co. Ltd. and Goldman Sachs Japan Co. Ltd.

3. Issues Expected during the Fiscal Year

In fiscal 2002, DBJ plans to place its largest bond issue to date. We plan to issue \200.0 billion in bonds without a government guarantee (FILP agency bonds). (Prior to this issue, the DBJ's issue totaled \100.0 billion.) Taking market conditions and other factors into account, in principle DBJ plans to continue issuing bonds on a quarterly basis. In addition to five-year bonds, 10-year bonds are a contender in our issuance plans.

Contact
Development Bank of Japan, Treasury Department
Tel: 03-3244-1829