The Japan International Cooperation Agency (JICA) announced on May 14, 2024 (New York time) the following terms and conditions for the issuance of Global U.S. Dollar Denominated Notes guaranteed by the Government of Japan.
Issue amount: US$1 billion
Issue date: May 21, 2024
Term: 5 years (redeemable on May 21, 2029)
Surface interest rate: 4.750%.
Issue price: 99.912% (investor yield: 4.770%)
Guarantor: Government of Japan
Rating: A1 (Moody’s Japan K.K.) / A+ (Standard & Poor’s Ratings Japan K.K.)
Format: SEC registration
Listing: Singapore Stock Exchange
Co-lead manager:
Daiwa Capital Markets Europe Limited
Barclays Bank PLC
Citigroup Global Markets Limited
Nomura International plc
Use of Funds:
The Bonds will be issued as Sustainability Bonds (Note) based on the “JICA Social/Sustainability Bond Framework” (published on April 7, 2023), and the proceeds will be used for the Organization’s paid-in capital cooperation projects (except for the loans to the coal-fired power generation projects).
(Note) Sustainability bonds are bonds issued to finance projects that contribute to solving social and environmental issues, and are eligible for SDGs and ESG investments.
(In charge)
Finance Department Finance Section 1
(tel: 03-5226-9279)
© Source JICA
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