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Development Bank of Japan to raise ¥70B via bonds

Development Bank of Japan Inc. plans to raise ¥70 billion by issuing unsecured bonds in three tranches.

The first tranche comprises ¥20 billion worth of three-year bonds with a 0.001% coupon, while the second tranche involves the issuance of ¥20 billion worth of five-year bonds with a 0.030% coupon. The third tranche comprises ¥30 billion of 10-year bonds with a 0.309% coupon.

The payment date is Oct. 12.

As of Oct. 5, US$1 was equivalent to ¥113.68.