Japan Bank For International Cooperation kicked off an increased funding programme in style with a US$5bn four-tranche Global bond. The Japan-guaranteed issuer attracted a combined US$13.5bn of orders for its largest ever offering, which was split across the curve from three to 10 years. "They have a larger funding programme this year, around US$16bn," said a lead. "They wanted to front-load for their first deal in the new fiscal year."
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