Issue of Debt

RNS Number:6763S
Japan Bank for Intl Cooperation
14 October 2005

                                                                 October 7, 2005





       JBIC Issues Fiscal Investment and Loan Program (FILP) Agency Bonds
  - Issuance of 50 billion yen for 5-year bonds and 50 billion yen for 10-year
                                    bonds -



1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa)
has launched today at the following terms for its FILP Agency Bonds
(non-government guaranteed domestic bonds) in Japanese capital markets:



2. The main terms of the bonds:

#20 JBIC Bond

     Amount              JPY 50 billion
     Market              Japan
     Maturity            5 years (due on December 20, 2010)
     Payment date        October 21, 2005
     Coupon rate         0.87%
     Issue price         99.98% (Re-offer yield: 0.873%)
     Collateral          General Collateral
     Syndicate           Daiwa SMBC, Nikko Citigroup (Lead Managers); Goldman
                         Sachs, Shinkin, Shinko, Nomura, Mizuho, Mitsubishi UFJ, 
                         Merrill Lynch, Morgan Stanley (Co-Lead Managers)


#21 JBIC Bond

     Amount              JPY 50 billion
     Market              Japan
     Maturity            10 years (due on September 18, 2015)
     Payment date        October 21, 2005
     Coupon rate         1.58%
     Issue price         99.96% (Re-offer yield: 1.584%)
     Collateral          General Collateral
     Syndicate           Daiwa SMBC, Nikko Citigroup (Lead Managers); Goldman
                         Sachs, Shinkin, Shinko, Nomura, Mizuho, Mitsubishi UFJ, 
                         Merrill Lynch, Morgan Stanley (Co-Lead Managers)



Credit ratings of these bonds are as follows.
AAA: R&I
AAA: JCR
A2: Moody's
AA-: S&P




                      This information is provided by RNS
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