Investor Presentaiton
Government-Guaranteed International Bonds
■ Government-guaranteed bonds issued by DBJ, JBIC and JICA provide an opportunity for "Japan sovereign exposure" in non-JPY
currencies.
■Since 1961, DBJ and its predecessors have issued over 100 Japanese Government-guaranteed bonds in the international markets.
■The bonds have been issued in Euro (Reg.S only) or Global (144A & Reg.S) formats off the GMTN program.
■Under the relevant laws, guaranteed bonds must have maturities of 5 years or longer.
Government-Guaranteed International Bonds (2)
USD million
3,000
Recent Public Issuances
No. Issue Date
Maturity Format
Currency
Amount Tenor
(million) (yr)
Coupon
Primary
Spread
2,700
2,500
2,000
1,900
1,800
1,750
1,800
1,650
2,000
1,500
800
750
1,000
1,000
1,100
1,000
1,000
500
1,000 1,000
900
1,000 1,095
800
700
550
0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023
■5yr ■10yr
24 2021.10.20 2026.10.20 144A/Reg.S
25 2021.10.20 2031.10.20 144A/Reg.S
26 2022.04.28 2027.04.28 144A/Reg.S
27 2023.04.13 2028.04.13 Reg.S
10 2014.09.19 2024.09.19 Reg.S
11 2015.01.28 2020.01.28 144A/Reg.S
12 2015.09.16 2025.09.16 144A/Reg.S USD
13 2016.09.01 2021.09.01 144A/Reg.S USD
14 2016.09.01 2026.09.01 144A/Reg.S
15 2017.09.01 2022.09.01 144A/Reg.S
16 2017.09.01 2027.09.01 144A/Reg.S
17 2018.09.06 2023.09.06 144A/Reg.S
18 2018.09.06 2028.09.06 144A/Reg.S USD
19 2019.08.28 2024.08.28 144A/Reg.S USD
MS+40bp
20 2019.08.28 2029.08.28 144A/Reg.S USD 1,000 10 1.875% MS+54bp
USD
21 2020.08.27 2025.08.27 144A/Reg.S
700 5
22 2020.08.27 2030.08.27 144A/Reg.S USD 1,000 10
23 (1) 2021.01.28 2031.01.28 144A/Reg.S USD 1,000 10
USD 900 5
USD 1,000 10
1,000 5
1,000 5
USD
USD
800
900 10 2.875% MS+23bp
455 5 3mL+24bp
1,200 10 2.750% MS+57bp
550 5 1.625% MS+55bp
USD 1,100 10 1.875% MS+56bp
USD
1,000 5 2.125% MS+42bp
USD 800 10 2.625% MS+59bp
USD 1,000 5 3.125% MS+31bp
750 10 3.250% MS+41bp
5
1.750%
0.500%
1.000%
MS+28bp
MS+42bp
1.250%
MS+22bp
1.250%
MS+14bp
USD
EUR
1.750%
3.250%
3.125%
MS+25bp
MS (3)+57bp
MS+23bp
(1) Issued in relation to the second supplementary budget
(3) SOFR MS
36
The issue amount of each issuance has been converted to USD at the time of
the issuance for the illustrative purposes
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