Issue of Debt

RNS Number:9356X
Japan Bank for Intl Cooperation
23 April 2004

                                                                   Apr. 23, 2004



       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)
decided today the terms for launching its FILP Agency Bonds (non-government
guaranteed domestic bonds) in the Japanese capital market: 50 billion yen issue
of 5-year straight bonds and 50 billion yen issue of 10-year straight bonds.


2. The main features of the issuances are as follows:


#11 JBIC Bond

Amount                 JPY 50 billion

Market                 Japanese capital market

Maturity               5 years (due on Mar 19, 2009)

Payment date           May 12, 2004

Coupon rate             0.70%

Issue price             99.99% (Re-offer yield: 0.702 %)

Collateral              General Collateral

Syndicate              Nomura Securities Co., Ltd., Daiwa SMBC (Lead Managers);
Goldman Sachs, Merrill Lynch, Mitsubishi Securities Co., Ltd., Mizuho
Securities, Nikko Citigroup Ltd., Morgan Stanley, UBS, UFJ Tsubasa. (Co-Lead
Managers)



#12 JBIC Bond

Amount                 JPY 50 billion

Market                 Japanese capital market

Maturity               10 years (due on Mar 20, 2014)

Payment date           May 12, 2004

Coupon rate            1.60 %

Issue price            99.97 % (Re-offer yield:1.603 %)

Collateral             General Collateral

Syndicate             Nomura Securities Co., Ltd., Daiwa SMBC (Lead Managers);
Goldman Sachs, Merrill Lynch, Mitsubishi Securities Co., Ltd., Mizuho
Securities, Nikko Citigroup Ltd., Morgan Stanley, UBS, UFJ Tsubasa. (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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