Deutsche Securities Inc. (DSI) announced today that Deutsche Bank AG, London Branch acted as Sole Bookrunner on the international equity offering for Pioneer Corporation (Pioneer) that successfully closed today.
This international equity capital raising comprised 92 million shares with an issue price of JPY332, representing a 4.05% discount from the stock’s closing price of JPY346 as of 23 February, 2010 for a total offering size of JPY30.5 billion.
Yuji Nomoto, Managing Director and Head of Global Capital Markets Japan at Deutsche Securities Inc, commented, “Pioneer is pursuing a range of measures from various perspectives to achieve its mid- to long-term management and financial strategies. A favourable reception for these measures among European institutional investors saw high demand for the shares and the successful placement of the offering. We are very pleased at the success of this offering through our strong global distribution capabilities and excellent teamwork to support our Japanese client in its strategic business development.”
Deutsche Bank Group is committed to serving the financial and strategic needs of its corporate and financial institutional clients through its considerable expertise and global and domestic franchise.
For further information, please call:
Deutsche Securities Inc.
Communications, Region Japan
+81 3 5156 7709
About Deutsche Bank Group
Deutsche Bank Group is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the group is continuously growing in North America, Asia and key emerging markets. With 77,053 employees in 72 countries, Deutsche Bank Group offers unparalleled financial services throughout the world. The group 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 1,160 people.
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