The Ministry of Finance priced on November 21st, 2024 a five-tranche bond denominated in Japanese yen for an aggregate nominal amount of JPY 97.1bn:

• a 3 year bond of a nominal amount of JPY 66.3bn maturing on 26 November 2027 which was priced at 60 basis points over the swap rate what implies a yield of 1.29 per cent,
• a 5 year bond of a nominal amount of JPY 9.2bn maturing on 28 November 2029 which was priced at 70 basis points over the swap rate what implies a yield of 1.48 per cent,
• a 10 year bond of a nominal amount of JPY 7.1bn maturing on 28 November 2034 which was priced at 90 basis points over the swap rate what implies a yield of 1.96 per cent,
• a 20 year bond of a nominal amount of JPY 9.5bn maturing on 28 November 2044 which was priced at 110 basis points over the swap rate what implies a yield of 2.73 per cent,
• a 30 year bond of a nominal amount of JPY 5.0bn maturing on 27 November 2054 which was priced at 120 basis points over the swap rate what implies a yield of 3.05 per cent.

The issue price was set at par.
The bonds have been allocated to Japanese institutional investors such as: city banks, lifers, asset managers and regional cooperatives as well as to offshore accounts.
The lead managers on the transaction were Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Nomura Securities Co., Ltd. and SMBC Nikko Securities Inc. The transaction will be settled on 28 November 2024.