Japan International Cooperation Agency (JICA) has determined the terms and conditions of the 80th and 81st JICA Bonds (Domestic FILP Agency Bonds) “Gender Bonds” on November 21, 2024, as follows.
The 80th Japan International Cooperation Agency Bonds
Issue amount: 20 billion yen
Term: 5 years (redeemable on September 20, 2029)
Issue date: November 28, 2024
Interest rate: 0.820%.
Issue price: 100 yen per 100 yen par value
Applicant yield: 0.820%.
Collateral: General collateral
Listing: TOKYO PRO-BOND Market
Co-lead managers: SMBC Nikko Securities Inc. (administrative lead manager), Okasan Securities Inc., Daiwa Securities Co.
Rating: Rating and Investment Information, Inc.: AA+; Moody’s Japan K.K.: A1; Standard & Poor’s Ratings Japan K.K.: A+.
The 81st Japan International Cooperation Agency Bonds
Issue amount: 10 billion yen
Term: 10 years (redeemable on September 20, 2034)
Issue date: November 28, 2024
Interest rate: 1.181%.
Issue price: 100 yen per 100 yen par value
Applicant yield: 1.181%.
Collateral: General collateral
Listing: TOKYO PRO-BOND Market
Co-lead managers: SMBC Nikko Securities Inc. (administrative lead manager), Okasan Securities Inc., Daiwa Securities Co.
Rating: Rating and Investment Information, Inc.: AA+; Moody’s Japan K.K.: A1; Standard & Poor’s Ratings Japan K.K.: A+.
The spread of the new coronavirus and the subsequent global economic turmoil have exacerbated problems such as reduced income opportunities and educational opportunities for women and increased domestic violence, especially in developing countries. The gender disparity that widened during the coronavirus disaster has not recovered to this day, and the years required to achieve gender justice are long overdue.
Toward the achievement of the organization’s mission, “Realization of Human Security and Quality Growth,” the Organization aims to realize a society in which each individual can fulfill his or her potential regardless of gender, under the task-specific business strategy, “Gender Equality and Women’s Empowerment. Specifically, through the promotion of women’s economic empowerment, ensuring women’s peace and security, and promoting gender-equal governance, we are working to correct discriminatory systems and structures in society and organizations, strengthen the ability of women and girls to realize their potential, and change the awareness and behavior of society and people.
The Organization issued its first Gender Bond in Japan in September 2021 (funds appropriation completed). As we are further strengthening our efforts toward gender equality and women’s empowerment, we are issuing this bond as our second “Gender Bond”.
The Bonds will be issued as Sustainability Bonds (Note) based on the “JICA Social/Sustainability Bond Framework” (announced 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).
The bonds are scheduled to be listed on the TOKYO PRO-BOND Market. However, since the bonds are FILP agency bonds, which are exempt from Chapter II of the Financial Instruments and Exchange Act, and do not fall under the category of private placement for specific investors, they can be sold to all investors, including general investors. There are no restrictions on transfer, and the same treatment applies to secondary market transactions.
(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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