Today, Tokyo Stock Exchange approved USD-denominated bonds with a total value of USD 500 million (tenor: 5 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 for 1 year from February 3, 2016. This listing will be the first series of individual bonds listed under the program. The lead underwriters of the bonds are Barclays Bank PLC, Citigroup Global Markets Inc. and Nomura International plc. The bond will be issued on February 12, 2016, with listing following on February 15, 2016. Details on the issuance conditions of the bonds can be found on the TOKYO PRO-BOND Market website.