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Issuance of the 52nd and 53rd Unsecured Bonds

East Japan Railway Company

April 11, 2008

  • East Japan Railway Company (the "Company") announced today that it has filed the Shelf Registration Supplements with the Kanto Local Financial Bureau for the planned issuance of 52nd and 53rd unsecured bonds.
  • The amounts of the issues are as follows: 10-year bonds, ¥30,000 million, and 20-year bonds, ¥20,000 million.
  • Net proceeds of the issue of the bonds will be used for the repayment of long-term debt.

1. Name of bonds

    East Japan Railway Company 52nd Unsecured bonds
(with Inter-Bond Pari Passu Clause)
East Japan Railway Company 53rd Unsecured bonds
(with Inter-Bond Pari Passu Clause)

2. Subscription

  Public offering

3. Issue size

  52nd issue: ¥30,000 million
53rd issue: ¥20,000 million

4. Issue price

  52nd issue: ¥99.94 per ¥100
53rd issue: ¥100 per ¥100

5. Coupon

  52nd issue: 1.62% per annum
53rd issue: 2.35% per annum

6. Yield on the bonds

  52nd issue: 1.626% per annum (simple interest)
53rd issue: 2.350% per annum (simple interest)

7. Maturity date

  52nd issue: April 20, 2018
53rd issue: April 21, 2028

8. Issue schedule

  Announcement date: April 11, 2008
Offering period: April 11, 2008
Payment date: April 22, 2008

9. Lead managing underwriter

  Mizuho Securities Co., Ltd.
Daiwa Securities SMBC Co. Ltd
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