NIPPON STEEL CORPORATION September 15, 2016 Nippon Steel & Sumitomo Metal Corporation
Nippon Steel & Sumitomo Metal Issues Unsecured Straight Bonds
Nippon Steel & Sumitomo Metal Corporation announced today that it has determined the terms and conditions for the issue of its 1st and 2nd Series of Unsecured Straight Bonds (with inter-bond pari passu clause) as outlined below.
Series name | Nippon Steel & Sumitomo Metal Corporation 1st Series Unsecured Straight Bonds | Nippon Steel & Sumitomo Metal Corporation 2nd Series Unsecured Straight Bonds |
Total amount of issue | JPY 10 billion | JPY 10 billion |
Denomination of each bond | JPY 100 million | |
Issue price | 100% of the principal amount | |
Redemption price | 100% of the principal amount | |
Interest rate | 0.280% per annum | 0.640% per annum |
Maturity date | September 18, 2026 | September 19, 2031 |
Offering period | September 15, 2016 | |
Payment date | September 26, 2016 | |
Method of offering | Public offering in Japan | |
Method of redemption |
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Collateral | The bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Company or of others, nor are they guaranteed. There are no assets reserved as security for the bonds. | |
Financial covenants | Negative pledge clauses (with inter-bond pari passu clause) attached | |
Interest payment dates | March 20 and September 20 of each year | |
For inquiries
Public Relations Center Tel: +81-3-6867-2135
Note: This press release has been prepared for the sole purpose of publicly announcing the issuance of the Nippon Steel & Sumitomo Metal Corporation's 1st and 2nd Unsecured Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release is not an offer of securities for sale in the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No securities issued by Nippon Steel & Sumitomo Metal Corporation will be publicly offered or sold in the United States in connection with Nippon Steel & Sumitomo Metal Corporation's issuance of 1st and 2nd Unsecured Bonds.
Nippon Steel & Sumitomo Metal Corporation published this content on 15 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 September 2016 04:08:02 UTC.
Original documenthttp://www.nssmc.com/common/secure/en/news/20160915_200.pdf
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