JICA Determines Issuance Conditions of Africa-TICAD Bonds: JPY 23 Billion Non-Guaranteed Domestic Bonds in Two Tranches
2025.08.08
On August 8, 2025, Japan International Cooperation Agency (JICA) has determined the issuance conditions of the 83rd and 84th JICA Bonds, Fiscal Investment and Loan Program (FILP) Agency bonds, called “Africa-TICAD Bonds”. The bonds will be issued in two tranches: JPY 15 billion with a 3-year maturity and JPY 8 billion with a 5-year maturity. Net proceeds of the bonds will be allocated to finance eligible projects of JICA’s Finance and Investment operations in Africa. The Bonds are denominated in Japanese Yen without a government guarantee.
Bonds issue details:
Issue #: No.83
Issue amount: JPY 15 bn
Maturity period: 3 years
Issue date: August 20, 2025
Maturity date: June 20, 2028
Coupon: 0.923% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 0.923%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Okasan Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd.
Issue #: No.84
Issue amount: JPY 8 bn
Maturity period: 5 years
Issue date: August 20, 2025
Maturity date: June 20, 2030
Coupon: 1.178% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 1.178%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Okasan Securities Co., Ltd., Nomura Securities Co., Ltd., Mizuho Securities Co., Ltd.
Seizing the opportunity of the 9th Tokyo International Conference on African Development (TICAD9) in Yokohama this August, JICA will issue the Africa-TICAD Bonds for promoting the mobilization of private finance and cooperating with Africa’s efforts towards independent and sustainable growth.
The bonds are Sustainability Bonds. Net Proceeds of the bonds will be allocated to finance newly committed or ongoing eligible projects of JICA’s Finance and Investment operations as defined under the “JICA Social/Sustainability Bond Framework” dated April 7, 2023. JICA will not knowingly allocate the net proceeds of the 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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