Last Updated: 2015.12.11
Notice of 1st, 2nd, 3rd and 4th Issuance of Unsecured Straight Bonds
FAST RETAILING CO., LTD.
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FAST RETAILING CO., LTD. (the "Company", and together with its subsidiaries, the "Group") announces to issue the 1st, 2nd, 3rd and 4th series of unsecured straight bonds based on the resolution of its Board meeting held on November 25, 2015. The terms and conditions are set out below.
Funds raised through this bond issuance will be used mainly to accelerate the Group's globalization and digitalization, which would fuel its sustainable growth.
This aggregate issue amount of 250 billion yen represents the largest initial issue of unsecured straight bonds by a Japanese non-financial company to date.
| 1st Series | 2nd Series | 3rd Series | 4th Series | |
|---|---|---|---|---|
| 1. Issue Amount | 30 billion yen | 100 billion yen | 50 billion yen | 70 billion yen |
| 2. Denomination of each Bond | 100 million yen | |||
| 3. Coupon Rate | 0.110% per annum | 0.291% per annum | 0.491% per annum | 0.749% per annum |
| 4. Issue Price | 100% of the principal amount of the bonds | |||
| 5. Interest Payment Dates | June 20 and December 20 of each year | |||
| 6. Maturity Date | December 18, 2018 (3-year bond) | December 18, 2020 (5-year bond) | December 16, 2022 (7-year bond) | December 18, 2025 (10-year bond) |
| 7. Payment Date | December 18, 2015 | |||
| 8. Rating | AA (Japan Credit Rating Agency, Ltd.) | |||
| 9. Underwriters | Nomura Securities Co., Ltd. SMBC Nikko Securities Inc. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. | |||
| 10. Fiscal Agent | Sumitomo Mitsui Banking Corporation | Sumitomo Mitsui Banking Corporation | The Bank of Tokyo Mitsubishi UFJ, Ltd. | Sumitomo Mitsui Banking Corporation |
This press release has been prepared for the purpose of announcing the Company's issuance of unsecured straight bonds in Japan. This press release is not an offer to sell or the solicitation of an offer to buy securities. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"). The securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the 1933 Act.
