 TAKEFUJI CORPORATION 15-1 Nishi-Shinjuku 8-chome,Shinjuku-ku, Tokyo 163-8654 Japan
October 16, 2002
| For release | Immediately |
| Representative | Akira Kiyokawa, President |
| Contact | Financial Analysts | - Shizuo Mizukami,
Manager of Investor Relations |
| | - Yukiko Yamaguchi,
Deputy Manager of Investor Relations |
| Tel: 81-3-3365-8011
Fax: 81-3-3365-8072 |
| Stock Code No. 8564 - TYOSE |
Takefuji Issues Senior Unsecured Straight Bond No.9
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Takefuji Corporation ("the Company") announced today issuance of Yen 20 billion No.9 domestic senior unsecured bond due 2032. The bond with such long maturity of 30 years is the first issue on a payment date basis not only in the consumer finance industry but also as a domestic financial institution with the exception of four precedents such as electric power bonds, JR (Japan Railway) bond and FILP (Fiscal Investment and Loan Program) bond. 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 contribute 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 9th Issuance of Domestic Senior Unsecured Bonds are as follows:
| 1. | Name of issuance | Takefuji Corporation 9th issuance of domestic senior unsecured bond |
| 2. | Total value | Yen 20 billion |
| 3. | Individual bond value | Yen 100 million |
| 4. | Issue Price | Face Value Yen 100 |
| 5. | Launch date | October 16, 2002 |
| 6. | Payment date | October 23, 2002 |
| 7. | Maturity date | October 22, 2032 |
| 8. | Interest rate | 4.50% annually |
| 9. | Interest payment date | April 23, October 23 in every year |
| 10. | Application of funds procured | Working funds |
| 11. | Lead Manager | Nikko Salomon Smith Barney Limited |
| 12. | Fiscal Agent | Mizuho Asset Trust & Banking Co., Ltd. |
| 13. | Credit ratings | A3 by Moody's Investors Service Inc.
A- by Standard & Poor's Ratings Services |
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by Takefuji co.
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