Tokyo, October 23, 2007

Deutsche Securities Sole Lead manages 12 Year Domestic Straight Bond for Mitsubishi Estate


Deutsche Securities Inc. (DSI), today announced the successful issue of a 12-year domestic unsecured straight bond (No.85) for Mitsubishi Estate Co., Ltd., which was launched on 23 October. DSI served as sole lead manager for the issue, its seventh assignment as a lead manager on a straight bond offering for Mitsubishi Estate.

The offering is sized at an aggregate ¥10 billion and is rated AA by R&I, Aa3 by Moody’s and A+ by Standard & Poor’s. The notes mature on 30 October, 2019, are priced at par and carry a coupon of 1.975% payable semi-annually on 30 April and 30 October. Payment is due on 30 October, 2007.

Henry Ritchotte, Managing Director and Head of Global Markets at DSI, said, “We are very proud to serve as the sole lead manager on Mitsubishi Estate’s 12-year bond issue, its first fixed-rate bond of this maturity to be offered for a decade. The diversification offered by the 12-year paper and the timing of the launch early in the second half of Japan’s fiscal year, both accounted for the rapid and complete placement of this quality paper with domestic institutional investors, including life insurance companies, public agencies, investment advisors, mutual associations and corporates. At DSI, we are committed to serving our clients with our global and domestic capital market experience and expertise.”


For further information, please call:

Deutsche Securities Inc.
Aston Bridgman (81 3) 5156 7709
Communications, Region Japan



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