June 10, 2022
Japan International Cooperation Agency (JICA) has mandated Daiwa Securities Co. Ltd., Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd. and Tokai Tokyo Securities Co., Ltd. as joint lead managers for the 10-year Fiscal Investment and Loan Program (FILP) Agency Bonds, and Daiwa Securities Co. Ltd, Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd. and Okasan Securities Co., Ltd. as joint lead managers for the 20-year Agency Bonds.
The bonds are denominated in Japanese Yen without government guarantee and are scheduled to be launched in July 2022. The proceeds from the bonds will be allocated to JICA's Finance and Investment Account projects in developing countries which are affected by violent conflicts. The projects will assist the targeted countries to build resilient states and societies, and contribute to realizing a peaceful and just society. JICA will manage and track the net proceeds to ensure that they are allocated only to investments in Eligible Projects excluding activities related to coal-fired power generation.
The detail of the transaction is to be determined, subject to market conditions.