Today, Tokyo Stock Exchange approved a USD-denominated bond with a total value of USD 1 billion (tenor: 7 years, coupon: 2.125%) from Japan Finance Organization for Municipalities for listing on the professional-oriented TOKYO PRO-BOND Market.
Japan Finance Organization for Municipalities has listed program information since February 3, 2016. This listing will be the third series of individual bonds listed under the program. The lead underwriters of this bond are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc., Daiwa Capital Markets Europe Limited and Mizuho International plc. The bond will be issued on October 25, 2016, with listing following on October 26, 2016. Details on the issuance conditions of the bonds can be found on the TOKYO PRO-BOND Market website.
