Issue of Debt

RNS Number:7320Y
Japan Bank for Intl Cooperation
17 May 2004

                                                                   May. 17, 2004



       JBIC Issues Fiscal Investment and Loan Program (FILP) Agency Bonds

                 -Issuance of 20 billion yen for 15-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: 20 billion yen issue
of 15-year straight bonds.



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



#13 JBIC Bond

Amount                  JPY 20 billion

Market                  Japanese capital market

Maturity                15 years (due on Mar 20, 2019)

Payment date            May 28, 2004

Coupon rate             1.91%

Issue price             99.89% (Re-offer yield: 1.92%)

Collateral              General Collateral

Syndicate               Goldman Sachs, Morgan Stanley (Lead Managers)



Credit ratings of these bonds are as follows.

AAA: R&I

AAA: JCR

A2: Moody's

AA-: S&P


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