Deutsche Securities Inc. (DSI) today announced the successful launch of a 20-year domestic unsecured straight bond issue (no.51) for Central Japan Railway Company. DSI served as joint lead manager for the issue.
The offering is sized at an aggregate ¥30 billion and is rated Aa2 by Moody’s and AA by R&I. The notes, which mature on April 23, 2030, are priced at par and carry a coupon of 2.212% payable semi-annually on March 31 and September 30 (initial payment on September 30, 2010). Settlement is due on April 23, 2010.
Marzio Keiling, Managing Director and Head of Global Markets at DSI said, “We are pleased to have served Central Japan Railway Company in the successful launch of its first 20-year domestic unsecured straight bond issue this fiscal year. Although market conditions remain challenging to tighter pricing, substantive marketing and consistent dialogue with a broad base of investors achieved a single digit spread for the 20-year bond issue on greater than expected demand. ”
Also, David Shrenzel, Managing Director and Head of Global Banking at DSI said, “We are highly honored to act as joint lead manager for the issue. At DSI, we are committed to serving the financial and strategic needs of our clients through our considerable global and domestic capital market experience and expertise.”
For further information, please call:
Deutsche Bank Group
Aston Bridgman (Japan)
Phone: +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 bank 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.
Company name: Deutsche Securities Inc.
Registration number: Financial instruments dealer, Kanto Financial Bureau (Kin-sho) No. 117
Member of associations: Japan Securities Dealers Association, The Financial Futures Association of Japan
Performance of the ‘Central Japan Railway Company 20-year domestic unsecured straight bond issue (no.51)’ may be affected by changes in interests rates, credit on assets in trust, the credit status of the issuer, market and price movements and the effects of other risks that can potentially affect the investment principal.
This document is intended only for Deutsche Securities Inc. to communicate the issue of the ‘Central Japan Railway Company 20-year domestic unsecured straight bond issue (no.51)’. 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 you 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 ‘Central Japan Railway Company 20-year domestic unsecured straight bond issue (no.51)’ 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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