Mitsubishi Corporation

Press Room

September 7, 2016
Mitsubishi Corporation

Mitsubishi Corporation Issues Hybrid Bonds

Mitsubishi Corporation (MC) today announced that it plans to issue hybrid bonds in the amount of 200 billion yen.
 
Details of Hybrid Bond Issue
 
Series Name
Fourth Series
Fifth Series
Sixth Series
Principal Amount
40 billion yen
130 billion yen
30 billion yen
Coupon Rate*
3 month JPY Libor +0.75%
0.69%
0.85%
Payment Date
September 13, 2016
Maturity Date
September 13, 2076
Call Provisions
The fourth and fifth series of the bonds are callable on September 13, 2021 and every coupon payment date thereafter at the discretion of MC.
The sixth series of the bonds is callable on September 13, 2026 and every coupon payment date thereafter at the discretion of MC.
Subordination
In the event of liquidation, etc., the Bonds will be subordinated to all senior indebtedness of
MC
Offering
The bonds will mainly be issued to institutional investors in the domestic securities market in
Japan
Rating
Rating and Investment Information, Inc. (R&I): A
Moody’s Investors Service: Baa1
Standard and Poor’s (S&P): BBB+
Equity Credit
The bonds will be eligible for 50% equity treatment from the three credit rating agencies mentioned above.
Book-runner and Co-Managers
Lead manager: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Co-Lead Managers: Mizuho Securities Co., Ltd., SMBC Nikko Securities Inc.,
Co-Managers: Nomura Securities Co.,Ltd,, Daiwa Securities Co., Ltd., and Mitsubishi Corporation Asset Management Ltd.
 
(*)These Coupon Rates per annum are applicable during the period from the Payment Date to (but excluding) September 13, 2021 (for Fourth and Fifth Series of the Bonds) and September 13, 2026 (for Sixth Series of the Bonds). There is a step-up coupon provision on all three Bonds on September 2026 and September 2041 (for Fourth and Fifth Series of the Bonds) and September 2026 and September 2046 (for Sixth Series of the Bonds) respectively.
 
 
This announcement is intended as general information regarding the issuance of securities. This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer of, or the solicitation of an offer to buy or subscribe for, securities in the United States or in any jurisdiction in which such offer or solicitation is unlawful. The securities have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act), absent registration or an exception from registration under the Securities Act. No public offering of the securities will be made in the United States.

Inquiry Recipient

Mitsubishi Corporation
Telephone:+81-3-3210-2171 / Facsimile:+81-3-5252-7705
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