Tokyo, March 7, 2006 -- NSK Ltd. (TSE: 6471) announced today that the Company has decided to issue the terms of two tranches of unsecured straight bonds in Japan to provide funds for repayment of existing debt. The details are as follows:
1. NSK Ltd.’s 36th series unsecured straight bonds( the Bonds)
(Ranking pari passu solely with other series of debentures or bonds)
(1) Total amount of issue
15,000,000,000 yen
(2) Book entry bonds
The provision of the Law Concerning Book-Entry Transfer of Corporate Bonds,
etc. shall apply to the Bonds.
(3) Denomination of each Bond
100,000,000 yen only
(4) Interest rate
1.39% per annum
(5) Issue price
100 yen per 100 yen value
(6) Redemption price
100 yen per 100 yen value
(7) Offering period
March 7, 2006
(8) Payment date
March 20, 2006
(9) Interest payment dates
Semi-annually on March 20 and September 20
(10) Method of offering
General share offering
(11) Maturity date
March 18, 2011
(12) Security
The Bonds are neither secured by any collateral nor guaranteed, and there are no particular
assets reserved for the payment of the Bonds.
(13) Underwriting company
Nomura Securities Co., Ltd. shall serve as a lead manager
(14) Book-entry transfer institution
Japan Securities Depositary Center, Inc.
(15) Fiscal, issuing and paying agent
Mizuho Corporate Bank, Ltd.
(16) Rating
“A-“ from Rating and Investment Information, Inc.
2. NSK Ltd.’s 37th series unsecured straight bonds( the Bonds)
(Ranking pari passu solely with other series of debentures or bonds)
(1) Total amount of issue
10,000,000,000 yen
(2) Book entry bonds
The provision of the Law Concerning Book-Entry Transfer of Corporate Bonds,
etc. shall apply to the Bonds.
(3) Denomination of each bond
100,000,000 yen only
(4) Interest rate
1.71% per annum
(5) Issue price
100 yen per 100 yen value
(6) Redemption price
100 yen per 100 yen value
(7) Offering period
March 7, 2006
(8) Payment date
March 20, 2006
(9) Interest payment dates
Semi-annually on March 20 and September 20
(10) Method of offering
General share offering
(11) Maturity date
March 19, 2013
(12) Security
The Bonds are neither secured by any collateral nor guaranteed, and there are no particular
assets reserved for the payment of the Bonds.
(13) Underwriting company
Mizuho Securities Co., Ltd. shall serve as a lead manager
(14) Book-entry transfer institution
Japan Securities Depositary Center, Inc.
(15) Fiscal, issuing and paying agent
Mizuho Corporate Bank, Ltd.
(16) Rating
“A-“ from Rating and Investment Information, Inc.
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