| Free Writing Prospectus | Filed Pursuant to Rule 433(d) |
TERM SHEET
Dated October 27, 2016
Issuer: | Japan Bank for International Cooperation (JBIC) | |
Security: | 2.000% Guaranteed Bonds due November 4, 2021 (the “5-year Securities”) and 2.250% Guaranteed Bonds due November 4, 2026 (the “10-year Securities”) | |
Expected Ratings: | Moody’s: A1/stable outlook; S&P: A+/stable outlook | |
| Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to suspension, reduction 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.$1,000,000,000 | |
10-year Securities: U.S.$1,800,000,000 | ||
Denomination: | U.S.$200,000 x U.S.$2,000 | |
Pricing Date: | October 27, 2016 | |
Settlement Date: | November 4, 2016 | |
Maturity Date: | 5-year Securities: November 4, 2021 | |
10-year Securities: November 4, 2026 | ||
Coupon: | 5-year Securities: 2.000% (Semi-annual, 30/360) | |
| 10-year Securities: 2.250% (Semi-annual, 30/360) | ||
Interest Payment Dates: | 5-year Securities: May 4 and November 4 of each year, commencing May 4, 2017 and ending November 4, 2021 | |
| 10-year Securities: May 4 and November 4 of each year, commencing May 4, 2017 and ending November 4, 2026 | ||
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: 99.995%, plus accrued interest, if any, from November 4, 2016 | |
| 10-year Securities: 99.149%, plus accrued interest, if any, from November 4, 2016 | ||
Underwriting Discount: | 5-year Securities: 0.125% | |
| 10-year Securities: 0.175% | ||
Proceeds, before Expenses, to JBIC: | 5-year Securities: 99.870%, plus accrued interest, if any, from November 4, 2016 | |
| 10-year Securities: 98.974%, plus accrued interest, if any, from November 4, 2016 | ||
| Benchmark U.S. Treasury: | 5-year Securities: 1.250% due October 31, 2021 | |
| 10-year Securities: 1.500% due August 15, 2026 | ||
| Benchmark Yield: | 5-year Securities: 1.347% | |
| 10-year Securities: 1.850% | ||
| Spread: | 5-year Securities: 65.4 bps | |
| 10-year Securities: 49.6 bps | ||
| Yield to Investors: | 5-year Securities: 2.001% | |
| 10-year Securities: 2.346% | ||
| Joint Lead Managers: | J.P. Morgan Securities plc | |
Merrill Lynch, Pierce, Fenner & Smith | ||
Mizuho Securities USA Inc. | ||
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: | 5-year Securities: XS1507498241 | |
| 10-year Securities: XS1507498753 | ||
| International Global Bond Common Code: | 5-year Securities: 150749824 | |
| 10-year Securities: 150749875 | ||
| DTC Global Bond ISIN: | 5-year Securities: US471048AY49 | |
| 10-year Securities: US471048AZ14 | ||
| DTC Global Bond Common Code: | 5-year Securities: 150816203 | |
| 10-year Securities: 150816220 | ||
| DTC Global Bond CUSIP: | 5-year Securities: 471048 AY4 | |
| 10-year Securities: 471048 AZ1 | ||
| Use of Proceeds: | The net proceeds of the issue of the bonds will be used for the financing operations of JBIC | |
| Governing Law: | The State of 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/1551322/000119312516747177/d249560d424b5.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 J.P. Morgan Securities plc toll-free from the United States at 1-866-430-0686, Merrill Lynch, Pierce, Fenner & Smith Incorporated toll-free from the United States at 1-800-294-1322, Mizuho Securities USA Inc. toll-free from the United States at 1-866-271-7403, or Nomura International plc at 1-212-667-1695.
