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Short-term Corporate Bonds (Commercial Paper)

About Short-term Corporate Bonds (Commercial Paper) Outline

The Book-Entry Transfer System for Short-term Corporate Bonds (Commercial Paper) started in March 31, 2010 and enables electronic issuance, transfer and redemption. ORIX provides the Short-term Bond Outline (E-CP) shown below as a part of its information disclosure. General information, excluding the conditions of individual issuances is given to assist in making an investment decision.

Please check the JASDEC Open Link in New Window website for details about unredeemed ORIX Corporation Short-term Corporate Bonds(Commercial Paper).

Short-term Corporate Bonds (Commercial Paper) Outline

Short-term Corporate Bonds (Commercial Paper) Outline

Issuer ORIX Corporation
Ratings R&I a-1
Limit (Outstanding) 500 billion yen
Issued and outstanding
(As of Dec 31, 2011)		 242.3 billion yen
Denomination 100 million yen
Year One year from the issue date
Loan Discount formula
Backup line None
Property Security and/or Guaranty None
Depositary Facility

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Dealers

As of Dec 31, 2011

  • The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • Resona Bank, Limited.
  • The Chiba Bank, Ltd.
  • The Shizuoka Bank, Ltd.
  • The Tokyo Tanshi Co., Ltd.
  • Nomura Securities Co., Ltd.
  • Mizuho Investors Securities Co., Ltd.
  • Mizuho Securities Co., Ltd.
  • Tokai Tokyo Securities Co., Ltd.
  • Sumitomo Mitsui Banking Corporation
  • The Sumitomo Trust & Banking Co., Ltd.
  • The Bank of Fukuoka, Ltd.
  • The Nishi-Nippon City Bank, Ltd.
  • Ueda Yagi Tanshi Co., Ltd.
  • Citigroup Global Markets Japan Inc.
  • Credit Suisse Securities (Japan) Ltd.
  • Cosmo Securities Co., Ltd.
  • Musashi Securities Co., Ltd.
  • Mizuho Corporate Bank, Ltd.
  • Mitsubishi UFJ Trust and Banking Corporation
  • The Hachijuni Bank, Ltd.
  • Central Tanshi Co., Ltd.
  • Daiwa Securities Capital Markets Co., Ltd.
  • Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
  • Okasan Securities Co., Ltd.
  • Ando Securities Co., Ltd.
  • SMBC Nikko Securities Inc.

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Acceleration Clause

  1. In case of any of the following event with respect to the payment of redemption money of short-term corporate bond, ORIX will forfeit the benefit of time.
    1. When ORIX has filed a motion for the commencement of bankruptcy proceedings, commencement of rehabilitation proceedings or commencement of reorganization proceedings, or commencement of special liquidation, or when creditor has filed a motion without being rejected in 30 days or when ORIX has been ordered to decide to commence bankruptcy proceedings, commencement of rehabilitation proceedings or commencement of reorganization proceedings, or commencement of special liquidation.
    2. When ORIX receives a disposition to suspend transactions with a clearinghouse.
    3. When ORIX forfeit the benefit of time or fails to make the payment within the period with respect to the other liabilities except the redemption money of the short-term corporate bond excluding guarantee obligation. However, this shall not apply to the case where the amount of liability (after transferred to yen) does not exceed 1.0 billion yen.
    4. When ORIX can not fulfill its performance obligation with respect to its guarantee liabilities. However, that this shall not apply to the case where the amount of guarantee liabilities (after transferred to yen) is under 1.0 billion yen.
  2. When ORIX forfeits the benefit of time with respect to payment of redemption money of short-term corporate bond due to any event described above, ORIX will immediately announce it on Nihon Keizai Shimbun (Japanese Newspaper).

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Representation and Warranty

Representation and warranty regarding issuance and public offering of short-term corporate bonds shown as below.

  1. Disclosure document of the Shelf Registration Statements with respect to public offering (hereinafter referred to as “Disclosure document”) is written in accordance with Financial Instruments and Exchange Act, Act on Transfer of Bonds, Shares, etc, and other related laws and regulations about transfer of corporate bond or stock (hereinafter referred to as “laws”).
  2. After the balance sheet date of the latest audited financial statement in Disclosure document, there was/will be no event or change that cause significant negative effect on ORIX group's (this is the corporate group under the first index of article 4 of Regulation for Terminology, Forms and Preparation of Consolidated Financial Statements) financial status and business results except the ones described in Disclosure document.
  3. Issuance of short-term corporate bonds and fulfillment of this guideline were approved properly with the related laws by the necessary internal procedures and do not conflict with Articles of incorporation and Rules of board of directors of ORIX and Rules and regulations of the contracts that ORIX has already signed.
  4. Except the ones described in Disclosure document, there is no court case, other judicial process nor administrative procedure in which ORIX or its affiliated company stands as a party.
  5. ORIX does all the required procedures under laws with respect to issuance of short-term corporate bonds.