| Free Writing Prospectus | Filed Pursuant to Rule 433(d) | |
| Registration Statement No. 333-182490 | ||
TERM SHEET
Dated February 3, 2015
Issuer: | Japan Bank for International Cooperation (JBIC) |
Security: | 2.125% Guaranteed Bonds due February 10, 2025 |
Expected Ratings: | Moody’s: A1/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: | U.S.$1,000,000,000 |
Denomination: | U.S.$200,000 x U.S.$1,000 |
Pricing Date: | February 3, 2015 |
Settlement Date: | February 10, 2015 |
Maturity Date: | February 10, 2025 |
Coupon: | 2.125% (Semi-annual, 30/360) |
Interest Payment Dates: | February 10 and August 10 of each year, commencing August 10, 2015 and ending February 10, 2025 |
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: | 99.339%, plus accrued interest, if any, from February 10, 2015 |
Underwriting Discount: | 0.175% |
Proceeds, before Expenses, to JBIC: | 99.164%, plus accrued interest, if any, from February 10, 2015 |
Benchmark U.S. Treasury: | 2.250% due November 15, 2024 |
Benchmark Yield: | 1.751% |
Spread: | 44.80bps |
Yield: | 2.199% |
Joint Lead Managers: | BNP Paribas |
Daiwa Capital Markets Europe Limited
Merrill Lynch, Pierce, Fenner & Smith
Incorporated
Nomura International plc
Format: | SEC-Registered |
Clearing Systems: | Euroclear and Clearstream (International global bond held at the common depositary); DTC (DTC global bond) |
International Global Bond ISIN: | XS1170160300 |
International Global Bond Common Code: | 117016030 |
DTC Global Bond ISIN: | US471048AM01 |
DTC Global Bond Common Code: | 117003159 |
DTC Global Bond CUSIP: | 471048 AM0 |
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/1551322/000119312515028737/d830282d424b5.htm
Each purchaser of the bonds offered hereby will be deemed to have represented that it is a person who falls into the category of (i) or (ii) as set forth 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 BNP Paribas at 44-20-7595-8601, Daiwa Capital Markets Europe Limited at 44-20-7597-8000, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free from the United States at 1-800-294-1322, or Nomura International plc at 44-20-7103-5652.
