| Free Writing Prospectus | Filed Pursuant to Rule 433(d) | |
| Registration Statement No. 333-182490 | ||
TERM SHEET
Dated May 21, 2014
Issuer: | Japan Bank for International Cooperation (JBIC) |
Security: | 1.750% Guaranteed Bonds due May 29, 2019 (the “5-year Securities”) and |
3.000% Guaranteed Bonds due May 29, 2024 (the “10-year Securities”)
Expected Ratings: | Moody’s: Aa3/stable outlook; S&P: AA-/negative outlook |
| Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time |
Guarantee: | Payments of principal and interest are unconditionally and irrevocably guaranteed by Japan |
Ranking: | Senior unsecured |
Currency / Principal Amount: | 5-year Securities: U.S.$1,500,000,000 |
10-year Securities: U.S.$1,000,000,000
Denomination: | U.S.$200,000 x U.S.$1,000 |
Pricing Date: | May 21, 2014 |
Settlement Date: | May 29, 2014 |
Maturity Date: | 5-year Securities: May 29, 2019 |
10-year Securities: May 29, 2024
Coupon: | 5-year Securities: 1.750% (Semi-annual, 30/360) |
10-year Securities: 3.000% (Semi-annual, 30/360)
Interest Payment Dates: | 5-year Securities: May 29 and November 29 of each year, commencing November 29, 2014 and ending May 29, 2019 |
10-year Securities: May 29 and November 29 of each year, commencing November 29, 2014 and ending May 29, 2024
Redemption after the Occurrence of a Tax Event: | JBIC may redeem all, but not less than all, of the bonds in the event of certain changes relating to Japanese taxation at 100% of the principal amount thereof plus accrued interest thereon and any additional amounts JBIC is required to pay, as described in the prospectus supplement |
Price to Public: | 5-year Securities: 99.558%, plus accrued interest, if any, from May 29, 2014 |
10-year Securities: 99.495%, plus accrued interest, if any, from May 29, 2014
Underwriting Discount: | 5-year Securities: 0.125% |
10-year Securities: 0.175%
Proceeds, before Expenses, to JBIC: | 5-year Securities: 99.433%, plus accrued interest, if any, from May 29, 2014 |
10-year Securities: 99.320%, plus accrued interest, if any, from May 29, 2014
Benchmark U.S. Treasury: | 5-year Securities: 1.625% due April 30, 2019 |
10-year Securities: 2.500% due May 15, 2024
Benchmark Yield: | 5-year Securities: 1.538% |
10-year Securities: 2.541%
Spread: | 5-year Securities: 30.50bps |
10-year Securities: 51.80bps
Yield: | 5-year Securities: 1.843% |
10-year Securities: 3.059%
Joint Lead Managers: | Barclays Bank PLC |
Goldman Sachs International
J.P. Morgan Securities plc
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Format: | SEC-Registered |
Clearing Systems: | Euroclear and Clearstream (International global bond held at the common depositary); DTC (DTC global bond) |
International Global Bonds ISIN: | 5-year Securities: XS1028954284 |
10-year Securities: XS1028953807
International Global Bonds Common Code: | 5-year Securities: 102895428 |
10-year Securities: 102895380
DTC Global Bonds ISIN: | 5-year Securities: US471048AK45 |
10-year Securities: US471048AL28
DTC Global Bonds Common Code: | 5-year Securities: 098267042 |
10-year Securities: 098266453
DTC Global Bonds CUSIP: | 5-year Securities: 471048 AK4 |
10-year Securities: 471048 AL2
Use of Proceeds: | The net proceeds of the issue of the bonds will be used for the financing operations of JBIC |
Governing Law: | New York |
Listing: | Luxembourg Stock Exchange’s Euro MTF Market |
You can access JBIC’s most recent prospectus satisfying the requirements of Section 10 of the United States Securities Act of 1933, as amended, at the following website:
http://www.sec.gov/Archives/edgar/data/1551322/000119312514205636/d715296d424b5.htm
Each purchaser of the bonds offered hereby will be deemed to have represented that it is a “Gross Recipient” as defined on page S-3 of the foregoing prospectus supplement.
JBIC has filed a registration statement (including a prospectus) with the United States Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents JBIC has filed with the SEC for more complete information about JBIC and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, JBIC, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Bank PLC toll-free from the United States at 1-888-603-5847, Goldman Sachs International toll-free from the United States at 1-866-471-2526, J.P. Morgan Securities plc toll-free from the United States at 1-866-430-0686 or Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free from the United States at 1-800-294-1322.
