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Commentary & Deal Flow

NEW ISSUE: Japan Bank for International Cooperation € bmk 5yr Sr Unsec; MS+35a

IGC APAC Market: Deal Flow - SSAIGC European Market: Deal Flow - SSA

Issuer

Term

Maturity

Size

Ranking

Type

Guidance

ISIN

Japan Bank for International Cooperation

5yr

22-Apr-31

bmk

Sr Unsec

Fixed

MS+35a

XS3334208058



Guidance: 5yr: MS+35a

  • Issuer: Japan Bank for International Cooperation ("JBIC")
  • Issuer LEI: 549300TJ3QFYVCTSCJ29
  • Guarantor: Unconditionally and irrevocably guaranteed by Japan
  • Expected Ratings: A1/A+ (Moody's/S&P)
  • Format: SEC-Registered Global
  • Size: € benchmark
  • Maturity: 22-Apr-31
  • Coupon: Fixed, Annual Act/Act ICMA
  • Guidance: MS+35bps area
  • Listing: Luxembourg Euro MTF (Application made)
  • Governing Law: NY Law
  • Denominations: €100k x €1k
  • ECB Eligibility: The notes are intended to be held in a manner that would allow eligibility as collateral for Eurosystem intra-day credit and monetary policy operations.
  • Bookrunners: JPM (B&D), Barc, Citi, Daiwa
  • Target Market: Eligible counterparties and professionals only (all distribution channels), No PRIIPs KID (key information document) has been prepared as not available to retail investors in EEA and no UK PRIIPs DISC disclosure document has been prepared as not available to retail investors in the UK
  • Sales into Canada: Yes
  • Sales into Italy: Yes
  • ISIN: XS3334208058
  • Fees: The Banks will be paid a fee by the Issuer in respect of the placement of the securities
  • Timing: Books Open, today’s business
  • Settlement: 22-Apr-26 (T+5)