Nidec Corporation Determines Terms of First, Second and Third Series of Domestic Unsecured Bonds
KYOTO, Japan, Nov 7, 2012 (Menafn - GlobeNewswire via COMTEX) --Nidec Corporation NJ (the "Company") announced today that it has determined the terms of three tranches of straight bonds (which rank pari passu among themselves) (the "Bonds") in the total principal amount of 100 billion jpy to be issued in Japan under a shelf registration statement filed in Japan for the issuance from time to time of up to 200 billion jpy aggregate principal amount of domestic bonds. The registration statement expires on April 5, 2014. The issuance of the Bonds, if completed as planned, will be the Company's first ever bond issuance in Japan.
The First Series Unsecured Bonds (ranking pari passu with the other series of Bonds)
1.Total principal amount:65 billion jpy
The provisions of the Law Concerning
Book-Entry Transfer of Corporate Bonds and
2.Book-entry bonds:Shares, etc. will apply to the bonds.
3.Denomination of each
bond:100 million jpy
4.Interest rate:0.386% per annum
5.Issue price:100% of the principal amount
6.Redemption price:100% of the principal amount
7.Maturity date:September 20, 2017
8.Offering period:November 7, 2012
9.Payment date:November 13, 2012
Public offering in Japan. The bonds will
not be offered in the United States or to
10.Method of offering:any U.S. persons.
The bonds will be unsecured and not
guaranteed. There will be no assets
11.Security or guarantee:reserved as security for the bonds.
The bonds are subject to certain negative
12.Financial covenants:pledge restrictions.
The Company may, at any time on or after
the day following the issue date,
repurchase the bonds and cause such
repurchased bonds to be canceled, unless
13.Redemption prior tootherwise required by Japan Securities
maturity:Depository Center, Inc.
14.Interest payment dates:March 20 and September 20 of each year
15.Book-entry transfer
institution:Japan Securities Depository Center, Inc.
16.Fiscal, issuing and
paying agent:The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The bonds have been assigned a rating of
"A" by Rating and Investment Information,
Inc. and "A" by Japan Credit Rating
17.Ratings:Agency, Ltd.
The Second Series Unsecured Bonds (ranking pari passu with the other series of Bonds)
1.Total principal amount:15 billion jpy
The provisions of the Law Concerning
Book-Entry Transfer of Corporate Bonds and
2.Book-entry bonds:Shares, etc. will apply to the bonds.
3.Denomination of each
bond:100 million jpy
4.Interest rate:0.595% per annum
5.Issue price:100% of the principal amount
6.Redemption price:100% of the principal amount
7.Maturity date:September 20, 2019
8.Offering period:November 7, 2012
9.Payment date:November 13, 2012
Public offering in Japan. The bonds will
not be offered in the United States or to
10.Method of offering:any U.S. persons.
The bonds will be unsecured and not
guaranteed. There will be no assets
11.Security or guarantee:reserved as security for the bonds.
The bonds are subject to certain negative
12.Financial covenants:pledge restrictions.
The Company may, at any time on or after
the day following the issue date,
repurchase the bonds and cause such
repurchased bonds to be canceled, unless
13.Redemption prior tootherwise required by Japan Securities
maturity:Depository Center, Inc.
14.Interest payment dates:March 20 and September 20 of each year
15.Book-entry transfer
institution:Japan Securities Depository Center, Inc.
16.Fiscal, issuing and
paying agent:Sumitomo Mitsui Trust Bank, Limited
The bonds have been assigned a rating of
"A" by Rating and Investment Information,
Inc. and "A" by Japan Credit Rating
17.Ratings:Agency, Ltd.
The Third Series Unsecured Bonds (ranking pari passu with the other series of Bonds)
1.Total principal amount:20 billion jpy
The provisions of the Law Concerning
Book-Entry Transfer of Corporate Bonds and
2.Book-entry bonds:Shares, etc. will apply to the bonds.
3.Denomination of each
Bond:100 million jpy
4.Interest rate:0.956% per annum
5.Issue price:100% of the principal amount
6.Redemption price:100% of the principal amount
7.Maturity date:September 20, 2022
8.Offering period:November 7, 2012
9.Payment date:November 13, 2012
Public offering in Japan. The bonds will
not be offered in the United States or to
10.Method of offering:any U.S. persons.
The bonds will be unsecured and not
guaranteed. There will be no assets
11.Security or guarantee:reserved as security for the bonds.
The bonds are subject to certain negative
12.Financial covenants:pledge restrictions.
The Company may, at any time on or after
the day following the issue date,
repurchase the bonds and cause such
repurchased bonds to be canceled, unless
13.Redemption prior tootherwise required by Japan Securities
maturity:Depository Center, Inc.
14.Interest payment dates:March 20 and September 20 of each year
15.Book-entry transfer
institution:Japan Securities Depository Center, Inc.
16.Fiscal, issuing and
paying agent:The Bank of Tokyo-Mitsubishi UFJ, Ltd.
The Bonds have been assigned a rating of
"A" by Rating and Investment Information,
Inc. and "A" by Japan Credit Rating
17.Ratings:Agency, Ltd.
This press release is intended as a general public announcement regarding Nidec Corporation's issuance of unsecured straight bonds in Japan and should not be considered an offer to sell or solicitation of an offer to buy securities in any jurisdiction, including the United States. The Bonds will not be or have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act.
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SOURCE: Nidec Corporation
(Logo:http://media.primezone.com/cache/5446/int/2048.jpg)
CONTACT: Masahiro Nagayasu
General Manager
Investor Relations
81-75-935-6140
ir@jp.nidec.com
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