Development Bank of Japan Inc. plans to issue US$1.8 billion of notes in two tranches.
The bank will issue US$800 million of five-year notes priced with a coupon of 1.75% and US$1 billion of 10-year notes priced with a coupon of 1.875%. The five-year notes will mature on Aug. 28, 2024, while the 10-year notes will mature on Aug. 28, 2029.
J.P. Morgan Securities PLC is the stabilization coordinator for the issuance, while Barclays, Daiwa and Goldman Sachs are stabilization managers.
