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Press Release 2008

Chubu Electric Power Issuing 487th Corporate Bonds (Domestic Corporate Straight Bonds)

November 13, 2008

Chubu Electric Power Co., Inc.

Chubu Electric has decided to issue 5-year domestic corporate straight bonds (487th issue, worth 20 billion yen) and has begun accepting applications today.

The following is an overview of issue conditions.
 

Details

1.

Amount issued

20 billion yen

2.

Denominations

1 million yen (One denomination only)

3.

Coupon rate

1.209% annually

4.

Cost (Issue value)

100 yen per par value of 100 yen

5.

Subscriber yield

1.209%

6.

Period (payback date)

5 years (November 25, 2013)

7.

Payback schedule

Lump-sum payment at end of period

8.

Interest disbursements

May 25 and November 25 of each year 

9.

Payment receipt date (Issue date)

November 20, 2008

10.

Subscriptions accepted from

November 13, 2008

11.

Subscription procedure

Public offering

12.
 

Purpose of funds
 

Equipment funding, payback of loans, payback of corporate bonds

13.

Security

Ordinary security under Electric Utility Law

14.

 

Bond administrators

 

Sumitomo Mitsui Banking Corporation (Lead), Mizuho Corporate Bank, Ltd., and Bank of Tokyo-Mitsubishi UFJ, Ltd.

15.


 

Underwriters


 

An underwriting group of eight companies, jointly managed by Nikko Citigroup Limited, Daiwa Securities SMBC, Co. Ltd., and Mizuho Securities Co., Ltd.

16.

Transfer organization

Japan Securities Depository Center, Inc.