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| June 8, 2007 |
| Mitsubishi Rayon Co., Ltd. |
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Issue of the Fifth Series of Unsecured Bonds |
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The Board of Directors of
Mitsubishi Rayon Co., Ltd. (“the Company”),
today made a resolution to issue a fifth
series of straight bonds (which will rank
pari passu with all other bonds) in Japan.
The terms of the issue will be as follows:
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| 1. |
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Name
of Bonds: The Fifth Series of Unsecured
Bonds (hereinafter, “the
Bonds”) |
| 2. |
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Total amount
of issue: 10 billion yen |
| 3. |
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Denomination
of each Bond: 100 million yen |
| 4. |
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Application
of the Law Concerning Book-Entry Transfer
of Corporate Bonds, etc : Subject to application |
| 5. |
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Interest rate:
1.90% per annum |
| 6. |
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Issue price:
100% of the principal amount |
| 7. |
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Redemption price:
100% of the principal amount |
| 8. |
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Maturity and
method of redemption:
a) Maturity date: June 18, 2014
b) Redemption by purchase: The Company
may, at any time after the date of payment
(shown below), purchase the Bonds and have
such purchased Bonds canceled. |
| 9. |
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Interest payment
dates: June 18 and December 18 of each
year |
| 10. |
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Payment date:
June 18, 2007 |
| 11. |
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Method of offering:
Public offering |
| 12. |
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Security: The
Bonds are not secured by any pledge, mortgage
or other charge on any assets or revenues
of the Company, nor are they guaranteed.
There are no assets reserved as security
for the Bonds. |
| 13. |
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Special covenants:
The Bonds are subject to certain covenants
relating to negative pledges. |
| 14. |
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Underwriters:
Mitsubishi UFJ Securities Co., Ltd., Nikko
Citigroup Limited and Mizuho Securities
Co., Ltd. |
| 15. |
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Place of application:
Head and branch offices of underwriters
in Japan |
| 16. |
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Fiscal agent:
The Bank of Tokyo-Mitsubishi UFJ, Ltd. |
| 17. |
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Transfer
agent: Securities Deposit & Transfer
Organization |
| 18. |
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Ratings:
The Bonds have been given ratings of
A+ (single A plus) from Japan Credit
Rating Agency, Ltd. and also A+ (single
A plus) from Rating and Investment Information,
Inc. |
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This
document is a public notice related to the
issuance of the fifth series of unsecured
straight bonds (rank pari passu with all
other bonds), and is not intended as a solicitation
of investments in the said bonds. |
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The contents shown herein are accurate as of the time of posting.
