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3. CONSOLIDATED FINANCIAL STATEMENTS
(7) Subsequent events
Bond Issue |
On December 10, 2010, the board of directors resolved that NTT may raise up to ¥190 billion by issuing bonds or incurring long-term borrowings during the period from January 1 to March 31, 2011. Based on this resolution, NTT issued bonds as follows: |
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Series 60 Nippon Telegraph and Telephone straight bonds |
| Date of payment |
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January 26, 2011 |
| Issue amount |
¥70 billion |
| Issue price |
¥99.93 per ¥100 |
| Interest rate |
1.31% |
| Date of maturity |
December 18, 2020 |
| Use of proceeds |
Appropriated as working capital due to the decrease in cash reserves resulting from NTT’s settlement of the cash offer for Dimension Data’s shares |
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The Repurchase of Shares by NTT DOCOMO |
In January 2011, NTT DOCOMO repurchased a total of 115,986 shares for ¥16,831 million. As a result, NTT’s interest in NTT DOCOMO increased from 66.5% to 66.7%. NTT plans to record the resulting increase in interest as “Additional paid-in capital” in the consolidated balance sheet as of March 31, 2011. |
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Copyright (c) 2011 Nippon telegraph and telephone corporation |
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