Issue of Debt

RNS Number:5121Z
Japan Bank for Intl Cooperation
08 June 2004

                                                                    June 8, 2004



                           JBIC Issues Euro Euro Bond
               - Seventh Issuance in International Capital Market -


1.  Japan Bank for International Cooperation (JBIC; Governor: Kyosuke Shinozawa)
will sign today in London an agreement for the issuance of a fixed rate Euro
Euro Bond with Japanese government guarantee.

The terms of issuance were decided on May 27, the issue was sold successfully
with a strong demand from prime international investors mostly in Europe and
also in Asia.



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

Amount                      750 million Euro
Market                      Euro market
Maturity                    10 years (bullet repayment due on June 10, 2014)
Coupon rate                 4.375 %
Issue price                 99.121 % (Re-offer yield: 4.486 %)
Guarantor                   Government of Japan
Listing                     London Stock Exchange
Payment date                June 10, 2004
Use of Funds               International Financial Operations of JBIC
Syndicate             BNP Paribas (Lead Manager)  Nikko Citigroup (Senior
Co-Lead Manager)  Deutsche Bank, Goldman Sachs International, Merrill Lynch
International, Nomura (Co-Lead Managers)




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