Press Release
Chubu Electric Power Issuing 496th Corporate Bonds (Domestic Corporate Straight Bonds)
July 07, 2010
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year domestic corporate straight bonds (496th 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
1.227% par year
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
1.227% par year
6. Period (payback date)
10 years (July 24, 2020)
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 14, 2010
10. Subscriptions accepted from
July 07, 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 Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. and Merrill Lynch Japan Securities Co,. Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.