Today, Tokyo Stock Exchange approved a USD-denominated bond with a total value of USD 1.5 billion (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 its program information for one year from February 3, 2016. This listing will be the second series of individual bonds listed under the program. The lead underwriters of this bond are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Daiwa Capital Markets Europe Limited, Goldman Sachs International, J.P. Morgan Securities plc. The bond will be issued on April 13, 2016, with listing following on April 14, 2016. Details on the issuance conditions of the bonds can be found on the TOKYO PRO-BOND Market website.
