(as of March 31, 2010)

AVEX bond issues

(Million yen)

Issue	Issue date	Bonds outstanding	Interest rate (%)	Redemption date
1st Unsecured Bonds	December 29, 2006	4,004	1.81	December 30, 2013
2nd Unsecured Floating-rate Bonds	December 29, 2006	3,240	1.25	December 30, 2016
3rd Unsecured Bonds	September 28, 2007	2,040	1.40	September 28, 2012
4th Unsecured Bonds	August 29, 2008	2,250	1.12	June 28, 2013

1. For the 1st issue of unsecured bonds, as stipulated in the trust beneficiary right collateral establishment contract, collateral has been pledged for the balance that has not been redeemed up to the credit limit.
2. The interest rate shown for the 2nd issue of unsecured floating-rate bonds is the interest rate on the remaining bonds as of March 31, 2009.
3. For the 3rd and 4th issues of unsecured bonds, collateral is provided in the form of guarantees by financial institutions.

Bond ratings

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