Development Bank of Japan to price $1.7 billion of fixed-rate notes in two tranches

By Cristal Cody

Tupelo, Miss., Aug. 18 – Development Bank of Japan Inc. plans to price a $1.7 billion Rule 144A and Regulation S two-part offering of fixed-rate senior notes (A1/A+) on Wednesday, according to a market source.

The deal includes five-year notes with initial price talk at the mid-swaps plus 30 basis points area.

The 10-year notes are talked to price in the mid-swaps plus 46 bps area.

Barclays, Citigroup Global Markets Ltd., Morgan Stanley & Co. International plc and Nomura International plc are the bookrunners.

The financial services and investment company is based in Tokyo.

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