Free Writing Prospectus Dated January 25, 2007 | Filed pursuant to Rule 433(d) Registration Numbers 333-11678 and 333-133356 |
FINAL TERM SHEET
Dated January 25, 2007
| Issuer: | Development Bank of Japan (DBJ) | |
| Rating: | Aaa/AA- | |
| Guarantee: | Payments of principal and interest on the bonds are unconditionally and irrevocably guaranteed by Japan. | |
| Currency / Size: | US$ 900,000,000 | |
| Denomination: | US$ 100,000 | |
| Pricing date: | January 25, 2007 | |
| Settlement date: | February 1, 2007 | |
| Maturity date | February 1, 2017 | |
| Coupon: | 5.125% (Semi-Annual, 30/360) | |
| Interest payment dates: | Every February 1 and August 1 of each year, commencing August 1, 2007 | |
| Redemption price: | 100% | |
| Issue price: | 99.098% | |
| Spread: | US Treasury 4 5/8 11/2016 + 42.2bp | |
| Joint Lead Managers | Merrill Lynch Pierce, Fenner & Smith Incorporated | |
| Deutsche Bank Securities Inc. | ||
| Co-lead Managers | BNP PARIBAS | |
| Format: | SEC Registered | |
| Clearing Systems: | Euroclear and Clearstream (International global bond held at the common depositary); DTC (DTC global bond) | |
| Listing | London Stock Exchange | |
You can Access the issuer’s most recent prospectus satisfying the requirements of Section 10 of the United States Securities Act at the following website:
http://www.sec.gov/Archives/edgar/data/1109609/000119312507009617/d424b5.htm
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Website atwww.sec.gov. Alternatively, any Manager participating in the offering will arrange to send you the prospectus, which you may request by calling collect at 1-866-500-5408.
