Mar 03, 2011
Press Release
Panasonic Sets Terms and Conditions for its Domestic Unsecured Straight Bond Issues
Osaka, Japan, March 3, 2011 - Panasonic Corporation ([NYSE:PC/TSE:6752] "Panasonic") announced that the company today determined terms and conditions for the issues of unsecured straight bonds in Japan in the aggregate principal amount of 500 billion yen. The basic terms for these domestic unsecured straight bond issues had been approved at Panasonic's board meeting of February 2, 2011.
Panasonic decided to issue the bonds in three series, with maturities of two (2), five (5) and seven (7) years, respectively.
The terms and conditions for each series - namely Panasonic's Ninth, Tenth and Eleventh Series of Unsecured Straight Bonds - are set as follows:
| Series name | Ninth Series | Tenth Series | Eleventh Series |
|---|---|---|---|
| Aggregate principal amount to be issued |
150 billion yen | 200 billion yen | 150 billion yen |
| Denomination of each bond |
100 million yen (a single kind) | ||
| Coupon rate (per annum) |
0.380% | 0.752% | 1.081% |
| Issue price | 100% of the principal amount | ||
| Interest payment dates | March 20 and September 20 of each year (First interest payment date will be September 20, 2011) |
||
| Maturity date | March 19, 2013 | March 18, 2016 | March 20, 2018 |
| Payment date | March 9, 2011 | ||
(Notes)
(This press release does not constitute an offer of securities in the United States. The securities referred to above have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.)
Media Contacts:
- Akira Kadota (Japan)
- International PR
- (Tel: +81-3-6403-3040)
- Panasonic News Bureau (Japan)
- (Tel: +81-3-3542-6205)
- Jim Reilly (U.S.)
- (Tel: +1-201-392-6067)
- Anne Guennewig (Europe)
- (Tel: +49-611-235-457)
Investor Relations Contacts:
- Makoto Mihara (Japan)
- Investor Relations
- (Tel: +81-6-6908-1121)
- Yuko Iwatsu (U.S.)
- Panasonic Finance (America), Inc.
- (Tel: +1-212-698-1360)
- Hiroko Carvell (Europe)
- Panasonic Finance (Europe) plc
- (Tel: +44-20-3008-6887)
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