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.