The Japan International Cooperation Agency (JICA) has determined on May 20, 2026 (New York time) the terms and conditions for the issuance of Global U.S. Dollar Denominated Notes guaranteed by the Government of Japan as follows
Issue amount: US$1 billion
Issue date: May 28, 2026
Term: 5 years (redeemable on May 28, 2031)
Surface interest rate: 4.375%.
Issue price: 99.530% (investor yield: 4.481%)
Guarantor: Government of Japan
Rating: A1 (Moody’s Japan K.K.) / A+ (Standard & Poor’s Ratings Japan K.K.)
Format: SEC registration
Listing: Singapore Stock Exchange
Co-lead manager:
Daiwa Capital Markets Europe Limited
Barclays Bank PLC
Goldman Sachs International
HSBC Bank plc
Use of Funds:
The Bonds will be issued as Sustainability Bonds (Note) based on the “JICA Social/Sustainability Bond Framework” (published on April 7, 2023), and the proceeds will be used for the Organization’s paid-in capital cooperation projects (except for the loans to the coal-fired power generation projects).
(Note) Sustainability bonds are bonds issued to finance projects that contribute to solving social and environmental issues, and are eligible for SDGs and ESG investments.
(In charge)
Paid Finance Section, Finance Department
(tel: 03-5226-9279)
© Source JICA