Deutsche Securities Inc. Lead manages Issue of JPY45.2 Billion RMBS for Japan Housing Finance Agency
Deutsche Securities Inc. (DSI), today announced it has priced a JPY45.2 billion residential mortgage backed securities issue (RMBS) for the Japan Housing Finance Agency (JHF), an independent administrative institution. DSI is serving as the Book-runner and Joint Lead Manager for JHF RMBS issue no.18, together with Joint Lead Manager Nomura Securities Co., Ltd. This is DSI’s fourth appointment as a Book-runner and Lead Manager to an RMBS issue by the JHF.
The JPY45.2 billion RMBS issue carries a coupon of 2.09%, was priced at JPY100 and matures on October 10, 2043 with settlement due by September 29, 2008. Coupons on the certificates will be paid on the tenth day of each month with the first payment to be made on November 10, 2008.
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 as a Lead Manager on RMBS issue no.18. Despite unprecedented market conditions, close coordination between the lead managers to communicate thoroughly with investors and market participants ensured the successful placement of the issue for 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 80,253 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 1,452 people.
Performance of ‘Japan Housing Finance Agency (JHF) residential mortgage backed securities (RMBS) issue No.18’ may be affected by changes in interests 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) residential mortgage backed securities (RMBS) issue No.18’. 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 ‘Japan Housing Finance Agency (JHF) residential mortgage backed securities (RMBS) issue No.18’ 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.