Nippon Steel & Sumitomo Metal : Issues Unsecured Straight Bonds

December 1, 2017 Nippon Steel & Sumitomo Metal Corporation

Nippon Steel & Sumitomo Metal Issues Unsecured Straight Bonds

Nippon Steel & Sumitomo Metal Corporation announced today that it has determined the terms and conditions for the issue of its 5th and 6th Series of Unsecured Straight Bonds (with inter-bond pari passu clause) as outlined below.

Series name	Nippon Steel & Sumitomo Metal Corporation 5th Series Unsecured Straight Bonds	Nippon Steel & Sumitomo Metal Corporation 6th Series Unsecured Straight Bonds
Total amount of issue	JPY 10 billion	JPY 10 billion
Denomination of each bond	JPY 100 million
Issue price	100% of the principal amount
Redemption price	100% of the principal amount
Interest rate	0.230% per annum	0.350% per annum
Maturity date	December 20, 2024	December 20, 2027
Offering period	December 1, 2017
Payment date	December 8, 2017
Method of offering	Public offering in Japan
Method of redemption	Bullet maturity Retirement by purchase
Collateral	The bonds are not secured by any pledge, mortgage or other charge on any assets or revenues of the Company or of others, nor are they guaranteed. There are no assets reserved as security for the bonds.
Financial covenants	Negative pledge clauses (with inter-bond pari passu clause) attached
Interest payment dates	June 20 and December 20 of each year

For inquiries

Public Relations Center, Tel:[phone], 2146, 2977, 3419

Note: This press release has been prepared for the sole purpose of publicly announcing the issuance of the Nippon Steel & Sumitomo Metal Corporation's 5th and 6th Unsecured Bonds, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release is not an offer of securities for sale in the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. No securities issued by Nippon Steel & Sumitomo Metal Corporation will be publicly offered or sold in the United States in connection with Nippon Steel & Sumitomo Metal Corporation's issuance of 5th and 6th Unsecured Bonds.