Obligation Japan Development Bank 1.25% ( XS2426028895 ) en GBP

Japan Development Bank

100 % ▲

Japon

XS2426028895 ( en GBP )

1.25% par an ( paiement annuel )

31/01/2025 - Obligation échue

Prospectus brochure de l'obligation Development Bank of Japan XS2426028895 en GBP 1.25%, échue

100 000 GBP

250 000 000 GBP

La Development Bank of Japan (DBJ) est une banque publique japonaise qui finance des projets d'infrastructure et soutient le développement économique et industriel du pays.

L'Obligation émise par Japan Development Bank ( Japon ) , en GBP, avec le code ISIN XS2426028895, paye un coupon de 1.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 31/01/2025

UK MiFIR product governance / Professional investors and ECPs only target market Solely for
the purposes of each manufacturer's product approval process, the target market assessment in respect of the Notes
has led to the conclusion that: (i) the target market for the Notes is only eligible counterparties, as defined in the
FCA Handbook Conduct of Business Sourcebook and professional clients, as defined in Regulation (EU) No
600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018; and (ii) all
channels for distribution of the Notes to eligible counterparties and professional clients are appropriate. Any
person subsequently offering, selling or recommending the Notes (a "distributor") should take into consideration
the manufacturers' target market assessment; however, a distributor subject to the FCA Handbook Product
Intervention and Product Governance Sourcebook is responsible for undertaking its own target market assessment
in respect of the Notes (by either adopting or refining the manufacturers' target market assessment) and
determining appropriate distribution channels.
SINGAPORE SECURITIES AND FUTURES ACT PRODUCT CLASSIFICATION: Solely for the
purposes of its obligations pursuant to sections 309B(1)(a) and 309B(1)(c) of the Securities and Futures Act
(Chapter 289) of Singapore (as amended or modified from time to time, the "SFA"), the Issuer has determined,
and hereby notifies all relevant persons (as defined in Section 309A of the SFA) that the Notes are "prescribed
capital markets products" (as defined in the Securities and Futures (Capital Markets Products) Regulations 2018).
Final Terms dated 17 January 2022
DEVELOPMENT BANK OF JAPAN INC.
Issue of
Series 89
£250,000,000 1.250 per cent. Notes due 2025
under the Global Medium Term Note Programme
PART A -- CONTRACTUAL TERMS
Any person making or intending to make an offer of the Notes may only do so in circumstances in which
no obligation arises for the Issuer or any Dealer to publish a prospectus pursuant to the Prospectus Regulation
(EU) 2017/1129 (the "EU Prospectus Regulation") or the Prospectus Regulation (EU) 2017/1129 as it forms
part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018 (the "UK
Prospectus Regulation") or supplement a prospectus pursuant to the EU Prospectus Regulation or the UK
Prospectus Regulation, in each case, in relation to such offer.
Terms used herein shall be deemed to be defined as such for the purposes of the Terms and Conditions
(the "Conditions") set forth in the Offering Circular dated 13 August 2021. This document constitutes the Final
Terms of the Notes described herein and must be read in conjunction with such Offering Circular. The Offering
Circular is available for viewing at the offices of MUFG Bank, Ltd., London Branch at Ropemaker Place, 25
Ropemaker Street, London EC2Y 9AN, United Kingdom during normal business hours and at the website of the
Luxembourg Stock Exchange at www.bourse.lu, and copies may be obtained from the registered office of
Development Bank of Japan Inc. ("DBJ") at 9-6, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-8178, Japan.
1.
(i)
Issuer:
Development Bank of Japan Inc.
(ii)
Guarantor:
Not Applicable
2.
(i)
Series Number:
89
(ii)
Tranche Number:
1
(iii)
Date on which the Notes become
Not Applicable
fungible:
3.
Specified Currency or Currencies:
British Pounds Sterling ("£")
4.
Aggregate Nominal Amount:
£250,000,000
(i)
Series:
£250,000,000
(ii)
Tranche:
£250,000,000
30063861046-v7
15-41014038

5.
Issue Price:
99.828 per cent. of the Aggregate Nominal Amount
6.
(i)
Specified Denominations:
£100,000 and integral multiples of £1,000 in excess
thereof
(ii)
Calculation Amount:
£1,000
7.
(i)
Issue Date:
19 January 2022
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
31 January 2025
9.
Interest Basis:
1.250 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount.
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:
Not Applicable
13.
(i)
Status of the Notes:
Senior
(ii)
Date of Board approval for
Not Applicable
issuance of Notes obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
1.250 per cent. per annum payable in arrear on each
Interest Payment Date
(ii)
Interest Payment Date(s):
31 January in each year. Modified Following Business
Day Convention (Unadjusted) applies with Business
Centres being London and Tokyo
(iii)
Fixed Coupon Amount(s):
£12.50 per Calculation Amount
(iv)
Broken Amount(s):
£12.91 per Calculation Amount, payable on the Interest
Payment Date falling on or around 31 January 2023
(v)
Day Count Fraction:
Actual/Actual (ICMA)
(vi)
Determination Dates:
Not Applicable
15.
Floating Rate Note Provisions
Not Applicable
16.
Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
17.
Call Option:
Not Applicable
18.
Put Option:
Not Applicable
19.
Final Redemption Amount of each Note:
£1,000 per Calculation Amount
2

20.
Early Redemption Amount:
Early
Redemption
Amount(s)
per
£1,000 per Calculation Amount
Calculation Amount payable on redemption
for taxation reasons or on event of default
or other early redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
21.
Form of Notes:
Registered Notes:
Regulation S Global Certificate registered in the name of
a nominee for a common depositary for Euroclear and
Clearstream, Luxembourg
22.
New Global Note:
No
23.
Financial Centre(s):
London and Tokyo
24.
Talons for future Coupons to be attached to
Not Applicable
Definitive Notes (and dates on which such
Talons mature):
LISTING AND ADMISSION TO TRADING APPLICATION
These Final Terms comprise the final terms required to have the Notes admitted to the Official List of the
Luxembourg Stock Exchange and admitted to trading to the Euro MTF Market of the Luxembourg Stock
Exchange pursuant to DBJ's Global Medium Term Note Programme.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
3

PART B -- OTHER INFORMATION
1.
LISTING AND ADMISSION TO
Application has been made for the Notes to be admitted to
TRADING
listing on the Official List of the Luxembourg Stock
Exchange and admitted to trading on the Euro MTF
Market of the Luxembourg Stock Exchange
2.
RATINGS
Ratings:
The Notes to be issued are expected to be rated as follows:
Moody's: A1
S&P: A
A security rating is not a recommendation to buy, sell or
hold securities and may be subject to revision, suspension
or withdrawal at any time by the assigning rating agency.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE/OFFER
Save for any fees payable to the Managers, so far as DBJ is aware, no person involved in the offer of the
Notes has an interest material to the offer. The Managers and their affiliates have engaged, and may in the
future engage, in investment banking and/or commercial banking transactions with, and may perform other
services for, DBJ and its affiliates in the ordinary course of business. DBJ may engage in a currency
hedging transaction and/or an interest rate hedging transaction directly or indirectly with one or more of
the Managers in connection with the issue and offering of the Notes.
4.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
(i)
Reasons for the offer:
See "Use of Proceeds" in the Offering Circular.
(ii)
Estimated net proceeds:
Approximately £249 million
(iii)
Estimated total expenses related to
EUR2,300
the admission to trading:
5.
YIELD
Indication of yield:
1.308 per cent.
The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
6.
OPERATIONAL INFORMATION
(i)
ISIN Code:
XS2426028895
(ii)
Common Code:
242602889
(iii)
FISN:
See the website of the Association of National Numbering
Agencies (ANNA) or alternatively sourced from the
responsible National Numbering Agency that assigned the
ISIN
(iv)
CFI code:
DTFNFR
(v)
Any clearing system(s) other than
Not Applicable
Euroclear
Bank
SA/NV
and
Clearstream Banking S.A. and/or
DTC and the relevant identification
number(s):
5

(vi)
Legal Entity Identifier:
5493001HGBABMWFZUI25
(vii)
Delivery:
Delivery against payment
(viii)
Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):
(ix)
Intended to be held in a manner
No
which would allow Eurosystem
eligibility:
7.
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii)
If syndicated:
(a)
Names of Managers:
Barclays Bank PLC
HSBC Bank plc
Merrill Lynch International
(b)
Stabilising
Manager(s)
(if
Barclays Bank PLC
any):
(iii)
If non-syndicated, name of Dealer:
Not Applicable
(iv)
Indication of the overall amount of
0.100 per cent. of the Aggregate Nominal Amount
the underwriting commission and of
the placing commission:
(v)
US Selling Restrictions (Categories
Reg. S Compliance Category 2; TEFRA not applicable
of potential investors to which the
Notes are offered):
(vi)
Amendment to ERISA Transfer
None
Restrictions set out in Offering
Circular:
(vii)
Prohibition of Sales to EEA Retail
Not Applicable
Investors:
(viii)
Prohibition of Sales to UK Retail
Not Applicable
Investors:
6

Annex
Amendment to Offering Circular
In the Offering Circular under the heading "Operating and Financial Review - Liquidity and Capital Resources -
Sources of Funds", in the table setting out the outstanding amount of DBJ's borrowings and bonds on a non-
consolidated basis, the outstanding amount of DBJ's Domestic government-guaranteed bonds on a non-
consolidated basis as of 31 March 2021 is JPY17,200 hundred million (and not JPY19,200 hundred million as
indicated in the table), and the "Sub-total" given the same table, shall be adjusted accordingly.
Environmental and Social Management Policy
On 1 October 2021, DBJ formulated and disclosed its Environmental and Social Management Policy for Financing
and Investment Activity for businesses and sectors with which DBJ considers have a high likelihood of posing
major risks to, or having negative consequences for, the environment and society. Under this policy, which was
approved by DBJ's Sustainability Committee, DBJ refrains from investing in or extending loans to certain
businesses or sectors that it believes may pose a significant risk to, or have a negative impact on, the environment
or society, or undertakes additional due diligence before doing so, in order to ascertain that measures have been
taken to mitigate or avoid the risks posed by such business or sector.
Businesses in which DBJ does not invest in or extend loans to include businesses that have a negative impact on
wetlands designated under the Ramsar Convention; businesses that have a negative impact on World Heritage
Sites designated by UNESCO; businesses that infringe on the Convention on International Trade in Endangered
Species of Wild Fauna and Flora (Washington Convention); and businesses that engage in child labor or forced
labor.
Business in which DBJ must undertake additional due diligence to ensure that measures have been implemented
to mitigate and avoid inherent risks before investing or extending a loan, include businesses that negatively impact
the local communities of indigenous peoples; and businesses that expropriate land and force the relocation of
residents.
Sectors for which DBJ must undertake additional due diligence to ensure that measures have been implemented
to mitigate and avoid inherent risks before investing or extending a loan, include weapons; coal-fired thermal
power generation; palm oil; lumber; coal mining; oil and gas; and large-scale hydroelectric power.
7