TAKEFUJI CORPORATION   15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan May 31, 2002 For release    Immediately Contact Media - Osamu Sasaki, Managing Director and General Manager of Public Relations Tel: 81-3-33658030 Financial Analysts - Shizuo Mizukami, Manager of Investor Relations - Kunio Takayama, Manager of Accounting Dept. Tel: 81-3-33658011 Stock Code No. 8564 - TYOSE Takefuji Issues Senior Unsecured Straight Bond No.8 Tokyo, May 31, 2002    Takefuji Corporation ("the Company") proposed domestic issues of a Yen 30 billion No.8 bond due 2022 for institutional investors. The bond with such long maturity of 20 years is the first issue in the consumer finance industry, and the total value of Yen 30 billion is the largest 20-year bond ever issued by domestic financial institutions. The Company feels it significant in that it is deemed to be the results of market appraisal of the Company's strong business model and its stable financial basis together with the high ratings of single A- class endowed by major oversea rating agencies.    The Company believes the bond issuance this time will improve its long-term debt ratio and extend its average length of borrowing so that the Company's funding base may become more and more stable. Details of 8th Issuance of Domestic Unsecured Straight Bonds as follows: 1. Name of issuance Takefuji Corporation 8th issuance of domestic senior unsecured straight bonds 2. Total value Yen 30 billion 3. Individual bond value Yen 100 million 4. Issue Price Face Value Yen 100 5. Application date May 31, 2002 6. Payment date June 5, 2002 7. Maturation date June 5, 2022 8. Interest rate 4.00% annually 9. Interest payment date June 5, December 5 annually 10. Application of funds procured Working funds 11. Trustee Merrill Lynch Japan Securities Co., Ltd. 12. Fiscal Agent The Chuo Mitsui Trust and Banking Company Limited 13. Credit ratings A3 Moody's Investors Service A- Standard & Poor's Back by Takefuji co.