The Ministry of Finance priced today a two-tranche bond denominated in Japanese yen for an aggregate nominal amount of JPY 66 bn:
- a 5 year bond of a nominal amount of JPY 56 bn maturing on 8 November 2017 which was priced at 67 basis points over the swap rate what implies a yield of 1.05 per cent,
- a 15 year bond of a nominal amount of JPY 10 bn maturing on 8 November 2027 which was priced at 117 basis points over the swap rate what implies a yield of 2.50 per cent.
The issue price was set at par.
The bonds have been allocated mainly to Japanese institutional investors such as: banks, insurance companies, funds and public institutions.
The lead managers on the transaction were Nomura and SMBC Nikko. The transaction will be settled on 8 November 2012.