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ISSUANCE OF DOMESTIC UNSECURED YEN BONDS
November 18, 2011
Kobe Steel, Ltd. hereby gives notice that it has decided to issue Domestic Unsecured Yen Bonds under the terms as set forth below:
Domestic Unsecured Yen Bonds due 25 November 2021
| 1. | Name: | Kobe Steel, Ltd. Series 55 Unsecured Bonds (Limited Inter-Bond Pari Passu Clause) |
| 2. | Total Amount of Issue: | 10 Billion Yen |
| 3. | Denomination of Bond: | 100,000,000 Yen each |
| 4. | Interest Rate: | 1.217% per annum of the principal of the Bonds |
| 5. | Issue Price: | 100% of the principal amount of the Bonds |
| 6. | Redemption Price: | 100% of the principal amount of the Bonds |
| 7. | Maturity Date: | To be redeemed in a lump sum on 25 November 2021 |
| 8. | Offering Period: | 18 November 2011 |
| 9. | Closing Date: | 25 November 2011 |
| 10. | Method of Issue: | Public offering in the domestic market |
| 11. | Date of Payment of Interest on the Bonds: |
Semiannually on 25 November and 25 May |
| 12. | Status of the Bonds: | Unsecured by assets or guarantees |
| 13. | Fiscal Agent: | The Bank of Tokyo-Mitsubishi UFJ, Ltd. |
| 14. | Underwriters: | Nomura Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. as the "Joint Lead Managers" |
| Use of Proceeds: | To be applied mainly toward the redemption of bonds | |
