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Press Release 2009

Chubu Electric Power Issuing 488th Corporate Bonds (Domestic Corporate Straight Bonds)

February 18, 2009

Chubu Electric Power Co., Inc.

Chubu Electric has decided to issue 10-year domestic corporate straight bonds (488th 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

1.562% annually

4.

Cost (Issue value)

100 yen per par value of 100 yen

5.

Subscriber yield

1.562% annually

6.

Period (payback date)

10 years (February 25, 2019)

7.

Payback schedule

Lump-sum payment at end of period

8.

Interest disbursements

February 25 and August 25 of each year 

9.

Payment receipt date (Issue date)

February 27, 2009

10.

Subscriptions accepted from

February 18, 2009

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 Mitsubishi UFJ Securities Co., Ltd.,Nomura Securities Co., Ltd. and Mizuho Securities Co., Ltd.

16.

Transfer organization

Japan Securities Depository Center, Inc.