# EDGAR Filing Document

**Accession Number:** 0001679198
**File Stem:** 0001104659-26-064365
**Filing Date:** 2026-5
**Character Count:** 8860
**Document Hash:** f44b7abe327dc884be438b56679f6dd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-064365.hdr.sgml**: 20260520

**ACCESSION NUMBER**: 0001104659-26-064365

**CONFORMED SUBMISSION TYPE**: FWP

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260520

**DATE AS OF CHANGE**: 20260520

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Japan International Cooperation Agency
- **CENTRAL INDEX KEY:** 0001679198
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-268943
- **FILM NUMBER:** 261003009

**BUSINESS ADDRESS:**
- **STREET 1:** NIBANCHO CENTER BUILDING
- **STREET 2:** 5-25, NIBAN-CHO, CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 102-8012
- **BUSINESS PHONE:** 81-3-5226-6660

**MAIL ADDRESS:**
- **STREET 1:** NIBANCHO CENTER BUILDING
- **STREET 2:** 5-25, NIBAN-CHO, CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 102-8012
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Japan International Cooperation Agency
- **CENTRAL INDEX KEY:** 0001679198
- **STANDARD INDUSTRIAL CLASSIFICATION:** FOREIGN GOVERNMENTS [8888]
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** M0
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** FWP

**BUSINESS ADDRESS:**
- **STREET 1:** NIBANCHO CENTER BUILDING
- **STREET 2:** 5-25, NIBAN-CHO, CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 102-8012
- **BUSINESS PHONE:** 81-3-5226-6660

**MAIL ADDRESS:**
- **STREET 1:** NIBANCHO CENTER BUILDING
- **STREET 2:** 5-25, NIBAN-CHO, CHIYODA-KU
- **CITY:** TOKYO
- **STATE:** M0
- **ZIP:** 102-8012

---

| | |
|:---|:---|
| Free Writing Prospectus | Filed Pursuant to Rule 433(d)<br> Registration Statement No. 333-268943 |

---

TERM SHEET

Dated May 20, 2026

---

| | |
|:---|:---|
| Issuer: | **Japan International Cooperation Agency (JICA)** |
| Security: | 4.375% Guaranteed Bonds due May 28, 2031 |
| Expected Ratings | Moody's: A1 |
|  | S&P: A+ |
|  | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time |
| Guarantee: | Payments of principal and interest are unconditionally and irrevocably guaranteed by Japan |
| Ranking: | Senior unsecured |
| Currency / Principal Amount: | U.S.$1,000,000,000 |
| Denomination: | U.S.$200,000 x U.S.$2,000 |
| Pricing Date: | May 20, 2026 |
| Settlement Date: | May 28, 2026 |
| Maturity Date: | May 28, 2031 |
| Coupon: | 4.375% per annum (semi-annually, 30/360) |
| Interest Payment Dates: | May 28 and November 28 of each year, subject to the Business Day Convention commencing November 28, 2026 and ending May 28, 2031 |
| Business Day | Any day on which commercial banks and foreign exchange markets settle payments and are open for general business (including dealings in foreign exchange and foreign currency deposits) in: (a) the relevant place of payment and (b) The City of New York, London and Tokyo. |
| Business Day Convention | Following Business Day Convention, unadjusted |
| Redemption after the Occurrence of a Tax Event: | JICA may redeem all, but not less than all, of the bonds in the event of certain changes relating to Japanese taxation at 100% of the principal amount thereof plus accrued interest thereon and any additional amounts JICA is required to pay, as described in the prospectus |
| Price to Public: | 99.530%, plus accrued interest, if any, from May 28, 2026 |
| Underwriting Discount: | 0.125% |

---

---

| | |
|:---|:---|
| Proceeds, before Expenses, to JICA: | 99.405%, plus accrued interest, if any, from May 28, 2026 |
| Benchmark U.S. Treasury: | 3.875% due April 30, 2031 |
| Benchmark Yield: | 4.252% |
| Spread: | 22.92bps |
| Yield to Investors: | 4.481% |
| Joint Lead Managers: | Daiwa Capital Markets Europe Limited |
|  | Barclays Bank PLC |
|  | Goldman Sachs International |
|  | HSBC Bank plc |
| Format: | SEC-Registered |
| Clearing Systems: | Euroclear and Clearstream (international global bond held at the common depositary); DTC (DTC global bond) |
| International Global Bond ISIN: | XS3338315032 |
| International Global Bond Common Code: | 333831503 |
| DTC Global Bond ISIN: | US47109LAK08 |
| DTC Global Bond Common Code: | 333985403 |
| DTC Global Bond CUSIP: | 47109LAK0 |
| Use of Proceeds: | JICA intends to use the net proceeds from the sale of the bonds to finance newly committed or ongoing Eligible Projects of Sustainability Bonds as defined under its Social/Sustainability Bond Framework. |
| Governing Law: | The State of New York |
| Listing: | Expected on Singapore Exchange Securities Trading Limited |

---

**You can access JICA's most recent prospectus satisfying the requirements of Section 10 of the United States Securities Act of 1933, as amended, at the following website:**

[https://www.sec.gov/Archives/edgar/data/1679198/000110465926063441/tm2613445-1_424b5.htm](https://www.sec.gov/Archives/edgar/data/1679198/000110465926063441/tm2613445-1_424b5.htm)

**Each purchaser of the bonds offered hereby will be deemed to have represented that it is a person who falls into the category of (i) or (ii) as set forth on page S-3 of the foregoing prospectus supplement.**

**JICA has filed a registration statement (including a prospectus) with the United States Securities and Exchange Commission (SEC) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents JICA has filed with the SEC for more complete information about JICA and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, JICA, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Daiwa Capital Markets Europe Limited on +44 20 7597 8000** **, Barclays Bank PLC on +44 20 7773 9090**, **Goldman Sachs International on +44 (0) 20 7774 1000**, **HSBC Bank plc on +1-866-811-8049.**

**MiFID II and UK MiFIR professionals/ECPs-only – No UK PRIIPs KID: The manufacturer target markets (MiFID II and UK MiFIR product governance) as assessed by the lead managers are eligible counterparties and professional investors only (all distribution channels). No UK PRIIPs key information document (KID) will be prepared as not available to retail investors in UK. FCA/ICMA stabilization.**

**The bonds may not be offered, sold or otherwise made available to, and will not be offered, sold or otherwise made available to, any retail investor in the** **European Economic Area "EEA". For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"); (ii) a customer within the meaning of the Directive (EU) 2016/97 (as amended, the "IDD"), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Regulation (EU) 2017/1129 (as amended, the "Prospectus Regulation"). Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the bonds or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.**

**The bonds** **are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to any retail investor in the United Kingdom ("UK"). For these purposes, a retail investor means a person who is either one (or both) of the following: (i) not a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) not a qualified investor as defined in paragraph 15 of Schedule 1 to the Public Offers and Admissions to Trading Regulations 2024. Consequently no disclosure document required by FCA Product Disclosure Sourcebook ("DISC") for offering, selling or distributing the bonds or otherwise making them available to retail investors in the UK has been prepared and therefore offering, selling or distributing the bonds or otherwise making them available to any retail investor in the UK may be unlawful under DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024.**