JICA Launches its Eighth Japanese Government Guaranteed Dollar Bonds

2023.05.17

Japan International Cooperation Agency (JICA; President Tanaka Akihiko) launched its eighth Global-Dollar bonds guaranteed by the Government of Japan on May 16, 2023 (New York time).

Issuer: Japan International Cooperation Agency (JICA)
Amount: 1,250 million USD
Issue Date: May 23, 2023
Maturity: 5 years (due on May 23, 2028)
Coupon: 4.000%(s.a.)
Issue Price: 99.628% (Investor yield: 4.083%(s.a.))
Guarantor: The Government of Japan
Rating: A+ (S&P)
Format: SEC Registered
Listing: Singapore Exchange Securities Trading Limited

Lead Managers:
Daiwa Capital Markets Europe Limited
Barclays Bank PLC
Citigroup Global Markets Limited
Morgan Stanley & Co. International plc

Use of Proceeds:
JICA released its new “JICA Social/Sustainability Bond Framework” on April 7, 2023, and it has obtained a second party opinion from Moody’s. JICA will use the net proceeds from the sale of the bonds to finance newly committed or ongoing Eligible Projects of Sustainability Bonds as defined under the Framework. JICA will not knowingly allocate the net proceeds of Social and Sustainability Bonds to activities related to coal-fired thermal power projects.

Contact
Budget for Finance and Investment Account, and Capital Markets Division, Treasury, Finance and Accounting Department, JICA
Tel: +81-3-5226-9279

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