For Immediate Release
March 24, 1998
NTT to Issue U.S.-Dollar Global Notes
Nippon Telegraph and Telephone Corporation (NTT) announced that it will issue its first U.S. dollar-denominated global notes since its privatization, as follows (details determined in New York on March 18, local time):
| Date of Issue (deposit date) | March 25, 1998 |
| Amount of Issue | US$1 billion (approx. ¥129.2 billion) |
| Interest Rate | 6.000% |
| Issue Price (re-offer) | 99.680% (99.680%) |
| Maturity | 10 Years (due March 25, 2008) |
| Yield to Investors | 6.134% |
| Joint Bookrunners | Goldman Sachs, Morgan Stanley |
| Note | NTT has issued U.S. dollar-denominated notes in the U.S. capital market twice since its privatization, first in July 1988, but these new notes are the first U.S. dollar-denominated notes issued by global format. |
