Issue of Debt

RNS Number:1796O
Japan Bank for Intl Cooperation
31 July 2003





                           JBIC Issues EuroEuro Bond

                -Fifth Issuance in International Capital Market-


1. Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa)
had issued a fixed rate EuroEuro Bond guaranteed by the Government of Japan.

This is the first issue of JBIC bonds in Euro in the international capital
markets. This is also the first issue for JBIC in the international capital
markets in FY2003.

The terms of issuance were decided on July 15.



2.  The following are the main features of the issuance:

Amount            500 million Euro

Market            Euro market

Maturity          five years (bullet repayment due on July 29, 2008)

Coupon rate       3.25 %

Issue price       99.963 % (Re-offer yield: 3.258 %)

Guarantor         Government of Japan

Listing           London Stock Exchange

Payment date      July 29, 2003

Use of Funds      International Financial Operations of JBIC

Syndicate         Merrill Lynch International and Goldman Sachs

                  International (Lead Managers)BNP Paribas 
                  (Senior Co-Lead Manager)




                      This information is provided by RNS
            The company news service from the London Stock Exchange
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