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
About Deutsche Bank
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 75,140 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 1,270 people.