DRIVEN BASE

DENSO Announces Issuance of Unsecured Straight Bonds

Jun. 2, 2017

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

The conditions are as follows.

Fourteenth unsecured straight bonds

1.

Issue amount

30 billion yen

2.

Coupon rate

0.040 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

June 20, 2022

6.

Payment Date

June 08, 2017

7.

Joint lead managers

Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., and Daiwa Securities Co. Ltd. 

8.

Ratings

AA+ (Rating and Investment Information, Inc.),

AA- (Standard & Poor’s)

Fifteenth unsecured straight bonds

1.

Issue amount

40 billion yen

2.

Coupon rate

0.245 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

June 18, 2027

6.

Payment Date

June 08, 2017

7.

Joint lead managers

Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., SMBC Nikko Securities Inc., Mizuho Securities Co., Ltd., and Daiwa Securities Co. Ltd.

8.

Ratings

AA+ (Rating and Investment Information, Inc.),

AA- (Standard & Poor’s)