Nidec Corporation Determines Terms of First, Second and Third Series of Domestic Unsecured Bonds

Nidec Corporation Determines Terms of First, Second and Third Series of
Domestic Unsecured Bonds

KYOTO, Japan, Nov. 7, 2012 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE:NJ)
(the "Company") announced today that it has determined the terms of three
tranches of straight bonds (which rank pari passu among themselves) (the
"Bonds") in the total principal amount of 100 billion jpy to be issued in
Japan under a shelf registration statement filed in Japan for the issuance
from time to time of up to 200 billion jpy aggregate principal amount of
domestic bonds. The registration statement expires on April 5, 2014. The
issuance of the Bonds, if completed as planned, will be the Company's first
ever bond issuance in Japan.

The First Series Unsecured Bonds (ranking pari passu with the other series of
Bonds)

1.  Total principal amount: 65 billion jpy
                            The provisions of the Law Concerning Book-Entry
2.  Book-entry bonds:       Transfer of Corporate Bonds and Shares, etc. will
                            apply to the bonds.
3.  Denomination of each    100 million jpy
   bond:
4.  Interest rate:          0.386% per annum
5.  Issue price:            100% of the principal amount
6.  Redemption price:       100% of the principal amount
7.  Maturity date:          September 20, 2017
8.  Offering period:        November 7, 2012
9.  Payment date:           November 13, 2012
                            Public offering in Japan.The bonds will not be
10. Method of offering:     offered in the United States or to any U.S.
                            persons.
                            The bonds will be unsecured and not
11. Security or guarantee:  guaranteed.There will be no assets reserved as
                            security for the bonds.
12. Financial covenants:    The bonds are subject to certain negative pledge
                            restrictions.
                            The Company may, at any time on or after the day
13. Redemption prior to     following the issue date, repurchase the bonds and
   maturity:               cause such repurchased bonds to be canceled,
                            unless otherwise required by Japan Securities
                            Depository Center, Inc.
14. Interest payment dates: March 20 and September 20 of each year
15. Book-entry transfer     Japan Securities Depository Center, Inc.
   institution:
16. Fiscal, issuing and     The Bank of Tokyo-Mitsubishi UFJ, Ltd.
   paying agent:
                            The bonds have been assigned a rating of "A+" by
17. Ratings:                Rating and Investment Information, Inc. and "A+"
                            by Japan Credit Rating Agency, Ltd.

The Second Series Unsecured Bonds (ranking pari passu with the other series of
Bonds)

1.  Total principal amount: 15 billion jpy
                            The provisions of the Law Concerning Book-Entry
2.  Book-entry bonds:       Transfer of Corporate Bonds and Shares, etc. will
                            apply to the bonds.
3.  Denomination of each    100 million jpy
   bond:
4.  Interest rate:          0.595% per annum
5.  Issue price:            100% of the principal amount
6.  Redemption price:       100% of the principal amount
7.  Maturity date:          September 20, 2019
8.  Offering period:        November 7, 2012
9.  Payment date:           November 13, 2012
                            Public offering in Japan.The bonds will not be
10. Method of offering:     offered in the United States or to any U.S.
                            persons.
                            The bonds will be unsecured and not
11. Security or guarantee:  guaranteed.There will be no assets reserved as
                            security for the bonds.
12. Financial covenants:    The bonds are subject to certain negative pledge
                            restrictions.
                            The Company may, at any time on or after the day
13. Redemption prior to     following the issue date, repurchase the bonds and
   maturity:               cause such repurchased bonds to be canceled,
                            unless otherwise required by Japan Securities
                            Depository Center, Inc.
14. Interest payment dates: March 20 and September 20 of each year
15. Book-entry transfer     Japan Securities Depository Center, Inc.
   institution:
16. Fiscal, issuing and     Sumitomo Mitsui Trust Bank, Limited
   paying agent:
                            The bonds have been assigned a rating of "A+" by
17. Ratings:                Rating and Investment Information, Inc. and "A+"
                            by Japan Credit Rating Agency, Ltd.

The Third Series Unsecured Bonds (ranking pari passu with the other series of
Bonds)

1.  Total principal amount: 20 billion jpy
                            The provisions of the Law Concerning Book-Entry
2.  Book-entry bonds:       Transfer of Corporate Bonds and Shares, etc. will
                            apply to the bonds.
3.  Denomination of each    100 million jpy
   Bond:
4.  Interest rate:          0.956% per annum
5.  Issue price:            100% of the principal amount
6.  Redemption price:       100% of the principal amount
7.  Maturity date:          September 20, 2022
8.  Offering period:        November 7, 2012
9.  Payment date:           November 13, 2012
                            Public offering in Japan.The bonds will not be
10. Method of offering:     offered in the United States or to any U.S.
                            persons.
                            The bonds will be unsecured and not
11. Security or guarantee:  guaranteed.There will be no assets reserved as
                            security for the bonds.
12. Financial covenants:    The bonds are subject to certain negative pledge
                            restrictions.
                            The Company may, at any time on or after the day
13. Redemption prior to     following the issue date, repurchase the bonds and
   maturity:               cause such repurchased bonds to be canceled,
                            unless otherwise required by Japan Securities
                            Depository Center, Inc.
14. Interest payment dates: March 20 and September 20 of each year
15. Book-entry transfer     Japan Securities Depository Center, Inc.
   institution:
16. Fiscal, issuing and     The Bank of Tokyo-Mitsubishi UFJ, Ltd.
   paying agent:
                            The Bonds have been assigned a rating of "A+" by
17. Ratings:                Rating and Investment Information, Inc. and "A+"
                            by Japan Credit Rating Agency, Ltd.

This press release is intended as a general public announcement regarding
Nidec Corporation's issuance of unsecured straight bonds in Japan and should
not be considered an offer to sell or solicitation of an offer to buy
securities in any jurisdiction, including the United States.The Bonds will
not be or have not been registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act"), and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements under the Securities Act.

The Nidec Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1734

CONTACT: Masahiro Nagayasu
         General Manager
         Investor Relations
         +81-75-935-6140
         ir@jp.nidec.com

Nidec Corporation
 
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