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Friday 02 June, 2006

Daiwa Secs Grp Inc

Issue of Debt

Daiwa Securities Group Inc
02 June 2006

                                                                    June 2, 2006

                                                     Daiwa Securities Group Inc.



Press Release




Attention

This document is an unofficial translation of a press release announced on June
2, 2006 by Daiwa Securities Group Inc. The original press release is in
Japanese.



             Daiwa Securities Group Inc.'s 5th 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 5th Series of
Unsecured Bonds have been set as below.



     1.  Name of the Bonds

         The 5th Series Unsecured Bonds of Daiwa Securities Group Inc.

     2.  Issue Amount

         50 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

         1.80 % per annum

     7.  Interest Payment Dates

         Each June 15 and December 15

     8.  Maturity Date

         June 15, 2011

     9.  Subscription Date

         June 2, 2006


     10. Payment Date

         June 15, 2006


     11. Offering Type

         Public offering

     12. Method of Redemption

(1)  The Company shall redeem the aggregate principal amount of the
     Bonds on June 15, 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.

     13. Fiscal Agent

         Sumitomo Mitsui Banking Corporation

     14. Commissioned Company for the Bondholders

         None

     15. Underwriter

         Daiwa Securities SMBC Co. Ltd.

     16. Ratings

         A          : Japan Credit Rating Agency, Ltd.

         A -        : Rating and Investment Information, Inc.

         Baa1       : Moody's Investors Service

         BBB+       : Standard & Poor's Ratings Services

     17. Security or Guarantee

         None



 Reference: Use of Proceeds

The net proceeds of this issue are planned to be used for investment and
lending.


End


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