October 31, 2022
Japan International Cooperation Agency (JICA) has mandated the following security companies as joint lead managers for the 10-year Fiscal Investment and Loan Program (FILP) Agency Bonds. The bonds are denominated in Japanese Yen without government guarantee and are scheduled to be launched in December 2022.
・ 70th 10-year FILP Agency Bonds (wholesale bonds)
Nomura Securities Co., Ltd., Daiwa Securities Co. Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Okasan Securities Co., Ltd.
The bonds have the features of “Social Bonds” defined by the International Capital Market Association (ICMA) and are qualified by a second party opinion from an independent third party (Japan Research Institute).
The proceeds from issuing the bonds will be allocated to JICA's Finance and Investment Account which is dedicated to ODA Loans and Private Sector Investment Finance activities. 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.
The detail of the transaction is to be determined, subject to market conditions.
Budget for Finance and Investment Account, and Capital Markets Division, Treasury, Finance and Accounting Department, JICA