Deutsche Securities Inc. (DSI), today announced it has priced a JPY100 billion S Series residential mortgage backed securities issue (S Series RMBS) for the Japan Housing Finance Agency (JHF), an independent administrative institution. DSI is serving as a Joint Lead Manager for JHF S Series RMBS issue no.12, together with Joint Lead Managers Nikko Citigroup Limited and Nomura Securities Co., Ltd. This is DSI’s fifth appointment as a Book-runner and Lead Manager to an RMBS issue by the JHF.
The JPY100 billion S Series RMBS issue carries a coupon of 2.15%, was priced at JPY100 and matures on November 10, 2040 with settlement due by December 26, 2008. Coupons on the certificates will be paid on the tenth day of each month with the first payment to be made on February 10, 2009.
The issue is rated AAA by both Standard and Poor’s (S&P) and Rating and Investment Information, Inc. (R&I).
Marzio Keiling, Head of Global Markets at DSI, said, “We are very proud to have served the JHF on a fifth occasion as a Lead Manager on S Series RMBS issue no.12. The issue was successfully priced thanks to the close cooperation of the issuer, investors and market participants in the face of concerns about confidence and the continuing crisis in credit markets. Amid this difficult environment in the domestic securitisation market, we are again very proud to have supported the placement of this issue for the JHF, the largest issuer in Japan’s securitisation market.”
Mr. Keiling added, “We remain focused on providing financial and strategic solutions to our Japanese corporate and financial institutional clients by leveraging the strength of our global platform, and to provide them with exceptional risk management capabilities to meet their diverse needs.”
Deutsche Securities Inc.
Financial instruments dealer, Kanto Financial Bureau (Kin-sho) No. 117
Member of Japan Securities Dealers Association and The Financial Futures Association of Japan
For further information, please call:
Deutsche Securities Inc.
Aston Bridgman (81 3) 5156 7709
Communications, Region Japan
About Deutsche Bank Group
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,308 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
In Japan, Deutsche Bank Group is engaged primarily in investment banking for corporate and institutional clients, corporate banking and asset management. The Group employs about 1,439 people.
Performance of ‘Japan Housing Finance Agency (JHF) S Series residential mortgage backed securities (S Series RMBS) issue No.12’ may be affected by changes in interest rates, credit on assets in trust, the credit status of the issuer and the effects of other risks that can potentially affect the investment principal.
This release is intended only to communicate the issue by Deutsche Securities Inc. of the ‘Japan Housing Finance Agency (JHF) S Series residential mortgage backed securities (S Series RMBS) issue No.12’. Should you purchase the bond through a transaction with Deutsche Securities Inc., you would pay only the purchase price. However, there also situations in which recurring interest charges, in addition to the purchase price, might be incurred. As stated in ‘Concerning Risks’ above, market and foreign exchange movements, economic trends, price movements and other risks including financial, legal, tax and accounting may cause a loss in investment principal. Potential investors in the ‘Japan Housing Finance Agency (JHF) S Series residential mortgage backed securities (S Series RMBS) issue No.12’ are strongly urged to read the ‘Offering Prospectus’ and the ‘Contract Summary’, to understand and accept their contents and, based on these actions, to make their own investment decision.
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