Development Bank of Japan to sell $1 billion five-year notes Tuesday

By Andrea Heisinger

New York, Jan. 14 - Development Bank of Japan Inc. is preparing a $1 billion offering of five-year notes (Aa3/AA-/) for Tuesday pricing, an informed source said.

There is a do-not-grow provision on the size, the source said.

Bookrunners are Bank of America Merrill Lynch, J.P. Morgan Securities LLC and HSBC Securities (USA) Inc.

The financial services and investment company is based in Tokyo.

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