JICA Determines Issuance Conditions of JPY 10 Billion Non-Guaranteed Domestic Bonds in Two Tranches
2025.11.19
On November 19, 2025, Japan International Cooperation Agency (JICA) has determined the issuance conditions of the 85th and 86th JICA Bonds, Fiscal Investment and Loan Program (FILP) Agency bonds. The bonds will be issued in two tranches: JPY 5.5 billion with a 2-year maturity and JPY 4.5 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. The Bonds are denominated in Japanese Yen without a government guarantee.
Bonds issue details:
Issue #: No.85
Issue amount: JPY 5.5 bn
Maturity period: 2 years
Issue date: November 27, 2025
Maturity date: September 17, 2027
Coupon: 0.920% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 0.920%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Daiwa Securities Co. Ltd., SMBC Nikko Securities Inc., Tokai Tokyo Securities Co., Ltd.
Issue #: No.86
Issue amount: JPY 4.5 bn
Maturity period: 5 years
Issue date: November 27, 2025
Maturity date: September 20, 2030
Coupon: 1.367% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 1.367%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Daiwa Securities Co. Ltd., SMBC Nikko Securities Inc., Tokai Tokyo Securities Co., Ltd.
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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