5. CONSOLIDATED FINANCIAL STATEMENTS
(8) Subsequent event

On December 12, 2008, the board of directors resolved that NTT may raise up to 120 billion yen by issuing bonds or incurring long-term borrowings during the period from January 1 to March 31, 2009. Based on this resolution, NTT issued bonds as follows:

Series 56 Nippon Telegraph and Telephone straight bonds
Date of payment January 28, 2009
Issue amount 60 billion yen
Issue price 99.96 yen per 100yen
Interest rate 1.01%
Date of maturity December 20, 2013
Use of proceeds Capital investments


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