Issue of Debt

RNS Number:1693I
Japan Bank for Intl Cooperation
21 November 2007

                                                               November 21, 2007



       Japan Bank for International Cooperation Issues Global Dollar Bond

             - Fifteenth Issuance in International Capital Market -


1.         Japan Bank for International Cooperation (JBIC; Governor: Koji
Tanami) signed on November 16, 2007 in New York an agreement for the issuance of
a fixed rate Global Dollar Bond (the Bond) with Japanese government guarantee.
The terms of issuance were decided on November 15, 2007.  The issue was sold to
prime international investors mostly in Asia, Europe and the United States.


2.         The main terms of the Bond:


Amount                                1,000 million US Dollar

Market                                Global Market

Maturity                              5 years (due on November 26, 2012)

Payment date                          Every May 26 and November 26 of each year,
                                      commencing May 26, 2008

Coupon rate                           4.375% (Semi-Annual, 30/360)

Issue price                           99.455% (Re-offer yield: 4.498%)

Guarantor                             Government of Japan

Listing                               London Stock Exchange

Syndicate                             Joint Lead Managers

                                      Citigroup Global Markets Inc.
                                      Deutsche Bank Securities Inc.
                                      Morgan Stanley & Co. International plc

                                      Co-lead Managers

                                      BNP PARIBAS
                                      Credit Suisse Securities (Europe) Limited
                                      Daiwa Securities SMBC Europe Limited
                                      Goldman Sachs International
                                      J.P. Morgan Securities Ltd.
                                      Lehman Brothers International (Europe)
                                      Merrill Lynch International
                                      Mitsubishi UFJ Securities International plc
                                      Nomura International plc

Credit ratings of the Bond are as follows:

Moodys Aaa (Stable)

S&P    AA  (Stable)


END


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