May 19, 2022
Japan International Cooperation Agency (JICA; President TANAKA Akihiko) launched its seventh Global-Dollar bonds guaranteed by the Government of Japan on May 18, 2022 (New York time).
Issuer: Japan International Cooperation Agency (JICA)
Amount: 900 million USD
Issue Date: May 25, 2022
Maturity: 5 years (due on May 25, 2027)
Issue Price: 99.657% (Investor yield: 3.325%(s.a.))
Guarantor: The Government of Japan
Rating :A+ (S&P)
Format: SEC Registered
Listing: Singapore Exchange Securities Trading Limited
Use of Proceeds:
The proceeds will be allocated to JICA’s Finance and Investment Account dedicated to its ODA Loans and Private Sector Investment Finance activities. An amount equal to part or all of such net proceeds may be allocated to investments in one or more Eligible Projects*. Through each Eligible Project, JICA strives to promote socio-economic development of developing countries and address challenges to Sustainable Development Goals (SDGs) adopted at the UN Sustainable Development Summit. 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.
Daiwa Capital Markets Europe Limited
Barclays Bank PLC
Mizuho Securities USA LLC
* “Eligible Projects” means projects selected under the Development Cooperation Charter, which was endorsed by the Japanese government in 2015 with the aim to proactively contribute to peace, stability and prosperity in the international community.
Budget for Finance and Investment Account, and Capital Markets Division, Treasury, Finance and Accounting Department, JICA