Press Release
Chubu Electric Power Issuing 501st Corporate Bonds (Domestic Corporate Straight Bonds)
September 12, 2014
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year domestic corporate straight bonds (501st 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
0.803% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.803% annually
6. Period (payback date)
10 years (September 25, 2024)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
March 25 and September 25 of each year
9. Payment receipt date (Issue date)
September 19, 2014
10. Subscriptions accepted from
September 12, 2014
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 Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.
15. Underwriters
An underwriting group of seven companies, jointly managed by Nomura Securities Co., Ltd.,SMBC Nikko Securities Inc. and Mizuho Securities Co., Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.