TOKYO, April 17 (Reuters) – Spain’s Instituto de Credito
Oficial (ICO) [ICO.UL] sold 50 billion yen ($503.2 million) in
Samurai bonds in two tranches, lead manager Daiwa Securities SMBC
said on Friday.

Details are as follows:

1. Five-year fixed-rate bond:

Issue amount: 22.9 billion yen

Coupon: 1.67 percent

Issue price: par

Maturity date: April 23, 2014

Coupon payments: April 23, Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

Spread: 60 basis points over yen swaps

2. Five-year floating-rate bond:

Issue amount: 27.1 billion yen

Coupon: 0.68 pct point above 3-month yen Libor

Issue price: par

Maturity date: April 23, 2014

Coupon payments: Jan. 23, April 23, July 23 and Oct. 23

Payment date: April 23, 2009

Lead managers: Daiwa Securities SMBC

Mitsubishi UFJ Securities

Mizuho Securities

Ratings: Aaa (Moody’s)

AA+ (S and P)

AAA (Fitch)

ICO, which is guaranteed by the Kingdom of Spain, provides
financial backing to small and medium-sized businesses.

Samurai bonds are yen bonds issued in Japan by non-Japanese
entities.
(Reporting by Naoyuki Katayama and Hiroyasu Hoshi: writing by
Rika Otsuka)