STAMFORD, Conn., Sept. 24 /PRNewswire-FirstCall/ -- Pitney Bowes Inc. (NYSE: PBI), the leading global provider of integrated mail and document management solutions, announced today that it has issued $400 million of 10-year, 4.625 percent notes at a yield to maturity of 4.694 percent.

The proceeds will be used for general corporate purposes, including the repayment of commercial paper in anticipation of 2003 debt maturities. Pitney Bowes bonds are rated AA and Aa3 by Standard and Poor's and Moody's Investors Service, respectively.

"We are thrilled to be able to price a transaction with, what we believe to be, the lowest coupon on record for a U.S. corporate 10-year bond deal. This financing demonstrates our strong access to long-term capital at favorable rates and will help us to deliver shareholder and customer value," stated Dessa Bokides, vice president and treasurer, Pitney Bowes Inc.

Deutsche Bank and J.P. Morgan served as the lead underwriters for this issuance.

Pitney Bowes is a $4.1 billion global provider of integrated mail and document management solutions headquartered in Stamford, Connecticut. The company serves over 2 million businesses of all sizes in more than 130 countries through dealer and direct operations.

                    MAKE YOUR OPINION COUNT -  Click Here
               http://tbutton.prnewswire.com/prn/11690X35843181

SOURCE Pitney Bowes Inc.

-0- 09/24/2002

/CONTACT: Christopher Tessier, Manager, Public Relations of Pitney Bowes, +1-203-351-7210, or Christopher.Tessier@pb.com/