 |
October 4, 2001
Nisshin Steel Co., Ltd.
Issue of Unsecured Corporate Bonds
Based on a decision taken at the meeting of our Board of Directors held
on September 7, 2001, the Company resolved to issue a 12th tranche of
unsecured corporate bonds (ranking pari passu with designated corporate
bonds). Details are as follows.
|
1
|
Name of corporate bonds |
Nisshin Steel Co., Ltd., 12th tranche of unsecured corporate bonds
(ranking pari passu with designated corporate bonds) |
|
2
|
Principal amount |
\10 billion |
|
3
|
Denomination |
One type, at \100 million |
|
4
|
Form of bond |
Bearer bond |
|
5
|
Issue price |
\100 per \100 of face value |
|
6
|
Redemption price |
\100 per \100 of face value |
|
7
|
Interest rate |
1.45% per annum |
|
8
|
Maturity date |
Friday, October 17, 2008 (seven year bond) |
|
9
|
Application date |
Thursday, October 4, 2001 |
|
10
|
Payment date |
Friday, October 19, 2001 |
|
11
|
Offering method |
Public offering |
|
12
|
Redemption methods |
(1)On maturity date (2)Cancel by purchase |
|
13
|
Interest payment dates |
On April 19 and biannually on October 19 |
|
14
|
Paying agent |
The Sanwa Bank, Ltd., and others |
|
15
|
Collateral |
There are no mortgage notes or bonds attached to this bond issue,
nor are any assets being reserved to cover it. |
|
16
|
Special provision for status of bond |
Negative pledge clause (ranking pari passu with designated corporate
bonds) |
|
17
|
Fiscal agent |
The Sanwa Bank Co., Ltd. |
|
18
|
Underwriters |
UFJ Capital Markets Securities Co., Ltd. and Tokyo-Mitsubishi Securities
are the lead underwriter of the group of underwriters. (Business routine:
UFJ Capital Markets Securities Co., Ltd.) |
|
19
|
Places accepting applications |
Head offices of underwriters and their domestic branches |
|
20
|
Recording agency |
The Sanwa Bank Co., Ltd. |
|
21
|
Rating |
A+ (single A flat), as rated by Japan Credit Rating Agency, Ltd. |
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