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Terms Set for the 88th and 89th Japan International Cooperation Agency Bonds (Domestic Fiscal Investment and Loan Program Bonds) | News & Public Relations

On August 7, 2026, the Japan International Cooperation Agency (JICA) announced the terms of the 88th and 89th JICA Bonds (Domestic Fiscal Investment and Loan Program Bonds) as follows.

The 88th Japan International Cooperation Agency Bond

Issue Amount: 10.2 billion yen

Term: 3 years (maturity: June 20, 2029)

Date of Publication: August 24, 2026

Interest Rate: 1.787%

Issue Price: 100 yen per 100-yen face value

Yield for Applicants: 1.787%

Security: General Security

Listing: TOKYO PRO-BOND Market

Joint Lead Managers: Nomura Securities Co., Ltd. (Administrative Lead Manager), SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd. (*Listed in Japanese alphabetical order, excluding the Administrative Lead Manager)

Ratings: Rating and Investment Information, Inc.: AA+, Moody’s Japan K.K.: A1

The 89th Japan International Cooperation Agency Bond

Issue Amount: 9.8 billion yen

Term: 5 years (maturity: June 20, 2031)

Date of Publication: August 24, 2026

Interest Rate: 2.182%

Issue Price: 100 yen per 100-yen face value

Yield for Applicants: 2.182%

Security: General Security

Listing: TOKYO PRO-BOND Market

Joint Lead Managers: Nomura Securities Co., Ltd. (Administrative Lead Manager), SMBC Nikko Securities Inc., Daiwa Securities Co., Ltd., Mizuho Securities Co., Ltd. (*Listed in Japanese alphabetical order, excluding the Administrative Lead Manager)

Ratings: Rating and Investment Information, Inc.: AA+, Moody’s Japan K.K.: A1

These bonds are being issued as sustainability bonds (Note) in accordance with the “JICA Social/Sustainability Bond Framework” (announced on April 7, 2023), and the proceeds are scheduled to be allocated to the Agency’s concessional financing projects (excluding loans and investments in coal-fired power generation projects).

Please note that while these bonds are scheduled to be listed on the TOKYO PRO-BOND Market, they are Financial Investment Agency bonds that are exempt from the provisions of Chapter 2 of the Financial Instruments and Exchange Act and do not qualify as private placements for qualified investors; therefore, they may be sold to all investors, including retail investors. There are no transfer restrictions, and the same rules apply to trading on the secondary market.

(Note) A sustainability bond is a bond issued to raise funds for projects that contribute to solving social and environmental issues. These bonds are eligible for SDG and ESG investing.

(Contact)

Finance Department, Paid Financial Services Division

(Phone: 03-5226-9279)

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