JICA Determines Issuance Conditions of JPY 20 Billion Non-Guaranteed Domestic Bonds in Two Tranches
2026.08.07
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On August 7, 2026, Japan International Cooperation Agency (JICA) has determined the issuance conditions of the 88th and 89th JICA Bonds, Fiscal Investment and Loan Program (FILP) Agency bonds. The bonds will be issued in two tranches: JPY 10.2 billion with a 3-year maturity and JPY 9.8 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. The Bonds are denominated in Japanese Yen without a government guarantee.
Bonds issue details:
Issue #: No.88
Issue amount: JPY 10.2 bn
Maturity period: 3 years
Issue date: August 24, 2026
Maturity date: June 20, 2029
Coupon: 1.787% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 1.787%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Nomura Securities Co.,Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd., Mizuho Securities Co., Ltd.
Issue #: No.89
Issue amount: JPY 9.8 bn
Maturity period: 5 years
Issue date: August 24, 2026
Maturity date: June 20, 2031
Coupon: 2.182% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Yield to subscribers: 2.182%
Collateral: General collateral
Rating: A1 (Moody’s), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead managers: Nomura Securities Co.,Ltd., SMBC Nikko Securities Inc., Daiwa Securities Co. Ltd., Mizuho 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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