Commentary & Deal Flow

Reoffer: 5yr: T+53bp / 100 / 4.93%
Benchmark: 5yr: T 4.375% 31-Jul-31

Peak book over US$1.9bn (incl. US$20m JLM).

Launched: 5yr: US$750m @ T+53bp
IPTs: 5yr: T+85bp area - Books over US$1.9bn (incl. US$20m JLM)

• Issuer: Mitsui & Co., Ltd.
• Ticker: "MITSCO"
• Expected Ratings: A3/A (Moody's/S&P)
• Ranking: Senior Unsecured Notes
• Format: Reg S only
• Tenor: 5 Year Fixed
• Issue Size: US$750m
• Maturity: 27-Aug-31
• Settlement: 27-Aug-26 (T+7)
• Coupon: 4.93%
• Reoffer Price: 100
• Reoffer Yield: 4.93%
• Reoffer Spread: T+53
• Optional Redemption: MWC / 1-month Par Call
• Bookrunners: Citi (B&D), JPM, BofA, Morgan Stanley, Nomura
• Docs: Issuer’s Euro Medium Term Note Programme
• Listing: SGX
• Governing Law: English Law
• Denominations: US$200k x US$1k
• Use of Proceeds: General Corporate Purposes
• DealRoadshow: https://dealroadshow.finsight.com | Entry code: Mitsui2026
• Timing: Today's business