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Press Release 2009

Chubu Electric Power Issuing 490th Corporate Bonds (Domestic Corporate Straight Bonds)

July 6, 2009

Chubu Electric Power Co., Inc.

Chubu Electric has decided to issue 10-year domestic corporate straight bonds (490th 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

1.444% annually

4.

Cost (Issue value)

100 yen per par value of 100 yen

5.

Subscriber yield

1.444% annually

6.

Period (payback date)

10 years (July 25, 2019)

7.

Payback schedule

Lump-sum payment at end of period

8.

Interest disbursements

January 25 and July 25 of each year 

9.

Payment receipt date (Issue date)

July 30, 2009

10.

Subscriptions accepted from

July 6, 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 seven companies, jointly managed by Nomura Securities Co., Ltd., Mitsubishi UFJ Securities Co.,Ltd.and Nikko Citigroup Securities Ltd.

16.

Transfer organization

Japan Securities Depository Center, Inc.