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Press Release 2010

Chubu Electric Power Issuing 493rd Corporate Bonds (Domestic Corporate Straight Bonds)

February 17, 2010

Chubu Electric Power Co.,Inc.

Chubu Electric has decided to issue 5-year domestic corporate straight bonds (493rd 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

0.628% / year

 

4. Cost (Issue value)

100 yen per par value of 100 yen

 

5. Subscriber yield

0.628% / year

 

6. Period (payback date)

5 years (February 25, 2015)

 

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 26, 2010

 

10. Subscriptions accepted from

February 17, 2010

 

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 Mitsubishi UFJ Securities Co., Ltd., Daiwa Securities Capital Markets Co. Ltd. and Barclays Capital Japan Limited.

 

16. Transfer organization

Japan Securities Depository Center, Inc.