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July 22, 2009

Deutsche Securities Inc. 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.96) for Mitsubishi Estate Co., Ltd. DSI served as sole lead manager for the issue.

The offering is sized at an aggregate ¥10 billion and is rated Aa3 by Moody’s, AA by R&I and A+ by Standard & Poor’s. The notes, which mature on July 29, 2019, are priced at par and carry a coupon of 1.62% payable semi-annually on January 29 and July 29 (initial payment on January 29, 2010). Settlement is due on July 29, 2009.

Marzio Keiling, Managing Director and Head of Global Markets at DSI, said, “We are pleased to have served Mitsubishi Estate in the successful launch of its 10-year domestic unsecured straight bond issue. Although market conditions remain challenging for conducting a debt issuance in the real estate sector, we achieved tighter spreads for the issue than were seen on the previous notes issued by Mitsubishi Estate in June, a testament to the high confidence among investors in the Mitsubishi Estate name. We at DSI are committed to serving the financial and strategic needs of our clients through our considerable global and domestic capital market experience and expertise.”





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