Deutsche Securities sole lead manages 10 year domestic straight bond for Mitsubishi Estate

Deutsche Securities Inc. (DSI), today announced the successful launch of a 10-year domestic unsecured straight bond issue (no.92) for Mitsubishi Estate Co., Ltd. DSI served as sole lead manager for the issue.

The offering is sized at an aggregate ¥15 billion and is rated AA by R&I, Aa3 by Moody’s and A+ by Standard & Poor’s. The notes, which mature on July 24, 2018, are priced at par and carry a coupon of 1.84%payable semi-annually on January 24 and July 24 (initial payment on January 23, 2009). Settlement is due on July 24, 2008.

Yuji Nomoto, Vice Chairman of Global Markets and Head of Global Capital Markets at DSI, said, “We are very pleased to have had the opportunity to support Mitsubishi Estate in the successful issue of this benchmark 10-year JPY15 billion bond issue. Terms, including the increased size of that Mitsubishi Estate regularly choose, is well received reflecting strong demand for the Mitsubishi Estate’s bonds by investors despite the current difficult market environment particularly for real estate sector issuers. We understand that this successful execution was the result of reputable presence and high credit quality that Mitsubishi Estate has maintained in the capital market over years. The issue was placed with a wide range of investors, with demand centering chiefly on the life insurance sector. DSI is committed to serving the financial and strategic needs of our clients through our considerable global and domestic capital market experience and expertise.”