DRIVEN BASE

DENSO Announces Issuance of Unsecured Straight Bonds

Sep. 2, 2015

KARIYA (Japan) DENSO Corporation today announced the issuance of its tenth and eleventh unsecured straight bonds with inter-bond pari passu clause.

The conditions are as follows.

1.

Issue amount

20 billion yen

2.

Coupon rate

0. 176 percent per annum

3.

Issue price

100 yen per face value of 100 yen

4.

Redemption price

100 yen per face value of 100 yen

5.

Due date

September 18, 2020

6.

Payment Date

September 8, 2015

7.

Joint lead managers

Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley

Securities Co., Ltd., SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd.

8.

Ratings

AA (Rating and Investment Information, Inc.),

AA (Standard & Poor’s)

1.

Issue amount

10 billion yen

2.

Coupon rate

0.268 percent per annum

3.

Issue price

100 yen per face value of 100 yen

4.

Redemption price

100 yen per face value of 100 yen

5.

Due date

September 20, 2022

6.

Payment Date

September 8, 2015

7.

Joint lead managers

Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley

Securities Co., Ltd., SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd.

8.

Ratings

AA (Rating and Investment Information, Inc.),

AA (Standard & Poor’s)