May 16, 2017

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 3rd and 4th Series of Unsecured Straight Bonds (with inter-bond pari passu clause) as outlined below.

Series name

Nippon Steel & Sumitomo Metal Corporation 3rd Series Unsecured Straight Bonds

Nippon Steel & Sumitomo Metal Corporation 4th 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

0.220% per annum

0.375% per annum

Maturity date

May 20, 2024

May 20, 2027

Offering period

May 16, 2017

Payment date

May 25, 2017

Method of offering

Public offering in Japan

Method of redemption

  1. Bullet maturity

  2. Retirement by purchase

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

May 20 and November 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 3rd and 4th 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 3rd and 4th Unsecured Bonds.

Nippon Steel & Sumitomo Metal Corporation published this content on 16 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 May 2017 02:07:09 UTC.

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