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Wednesday 08 February, 2006

Daiwa Secs Grp Inc

Issue of Debt

Daiwa Securities Group Inc
08 February 2006

                                                                February 8, 2006

Head Office         6-4, Otemachi 2-chome, Chiyoda-ku, Tokyo

Name                Daiwa Securities Group Inc.

President           Shigeharu Suzuki

Liaison             Mikita Komatsu

General Manager     Finance Department

Telephone Number    03-3243-2100



       Daiwa Securities Group Inc.'s 3rd & 4th Issue of Unsecured Bonds

     --ranking pari passu solely with other series of debentures or bonds--



The conditions for the issue of Daiwa Securities Group Inc.'s 3rd and 4th Series
of Unsecured Bonds have been set as below.



1.  Name of the Bonds

    The 3rd Series Unsecured Bonds of Daiwa Securities Group Inc.

2.  Issue Amount

    70 billion yen

3.  Denomination per Bond

    100 million yen (one type)

4.  Issue Price

    100 yen per 100 yen face-value

5.  Redemption Price at Maturity

    100 yen per 100 yen face-value

6.  Coupon Rate

    1.30 % per annum

7.  Interest Payment Dates

    Each February 17 and August 17

8.  Maturity Date

    February 17, 2011

9.  Beginning of Subscription

    February 8, 2006

10. End of Subscription

    February 8, 2006

11. Payment Date

    February 17, 2006

12. Method of Issuance

    Public offering

13. Method of Redemption

(1)   The Company shall redeem the aggregate principal amount of the Bonds on
February 17, 2011.

(2)   The Company may purchase and cancel the Bonds at any time after the date
of issue.

(3)   If the date of redemption falls on a bank holiday, such redemption shall
be made on the preceding bank business day.

14. Fiscal Agent

    Sumitomo Mitsui Banking Corporation

15. Commissioned Company for the Bondholders

    None

16. Underwriter

    Daiwa Securities SMBC Co. Ltd.

17. Rating

    A        : Japan Credit Rating Agency, Ltd.

    A -      : Rating and Investment Information, Inc.

    Baa1     : Moody's Investors Service

    BBB+     : Standard & Poor's Ratings Services

18. Security or Guarantee

    None








1.  Name of the Bonds

    The 4th Series Unsecured Bonds of Daiwa Securities Group Inc.

2.  Issue Amount

    30 billion yen

3.  Denomination per Bond

    100 million yen (one type)

4.  Issue Price

    100 yen per 100 yen face-value

5.  Redemption Price at Maturity

    100 yen per 100 yen face-value

6.  Coupon Rate

    2.08% per annum

7.  Interest Payment Dates

    Each February 17 and August 17

8.  Maturity Date

    February 17, 2016

9.  Beginning of Subscription

    February 8, 2006

10. End of Subscription

    February 8, 2006

11. Payment Date

    February 17, 2006

12. Method of Issuance

    Public offering

13. Method of Redemption

(1)    The Company shall redeem the aggregate principal amount of the Bonds on
February 17, 2016.

(2)    The Company may purchase and cancel the Bonds at any time after the date
of issue.

(3)    If the date of redemption falls on a bank holiday, such redemption shall
be made on the preceding bank business day.

14. Fiscal Agent

    Sumitomo Mitsui Banking Corporation

15. Commissioned Company for the Bondholders

    None

16. Underwriter

    Daiwa Securities SMBC Co. Ltd.

17. Rating

    A        : Japan Credit Rating Agency, Ltd.

    A -      : Rating and Investment Information, Inc.

    Baa1     : Moody's Investors Service

    BBB+     : Standard & Poor's Ratings Services

18. Security or Guarantee

    None



Reference: Use of Proceeds

The net proceeds of this issue are planned to be used for general corporate
purposes, investment and lending, and repayment of borrowing from financial
institutions.




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