The Tokyo Stock Exchange has approved JPY 20 billion in yen-denominated bonds from the Japan International Cooperation Agency for listing on the TOKYO PRO-BOND Market. The bonds will be issued on August 24, 2026, with listing to follow on August 25, 2026, marking the latest addition to the professional-oriented bond market.
- 3-Year Tranche: Coupon of 1.787%
- 5-Year Tranche: Coupon of 2.182%
- Issue Date: August 24, 2026
- Listing Date: August 25, 2026
- Program Registration: Since June 19, 2018
The Japan International Cooperation Agency has maintained program information on the TOKYO PRO-BOND Market since June 2018, allowing the institution to issue bonds within a pre-registered framework. The bond offering demonstrates the continued utilization of Japan’s professional bond market for development finance issuance.
TOKYO PRO-BOND Market, established in May 2011, operates under specialized professional-oriented market rules designed to streamline bond issuance. The platform employs program listing, a standard approach in overseas markets, enabling issuers to register estimated issuance amounts and financial information once, then issue bonds as needed. This structure reduces disclosure requirements and simplifies formal listing conditions, including credit rating mandates and lead underwriter specifications.
The market’s framework supports efficient capital raising through English-only information disclosure, making it accessible to international institutional investors. Detailed issuance conditions are available on the TOKYO PRO-BOND Market website. The Tokyo Stock Exchange is Japan’s primary securities exchange and operator of multiple trading venues.
