Chubu Electric Power Co.,Inc. | Chubu Electric Power Issuing 504th and 505th Corporate Bonds (Domestic Corporate Straight Bonds) - Press Releases(2015)
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Press Release 2015

Chubu Electric Power Issuing 504th and 505th Corporate Bonds (Domestic Corporate Straight Bonds)

August 6, 2015

Chubu Electric Power Co.,Inc.

Chubu Electric has decided to issue 10-year  (504th issue, worth 10 billion yen) and 15-year (505th issue, worth 10 billion yen) domestic corporate straight bonds and has begun accepting applications today.

The following is an overview of issue conditions.

Details

1 504th Corporate Bonds

1. Amount issued

10 billion yen

2. Denominations

1 million yen

3. Coupon rate

0.694% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

0.694% annually

6. Period (payback date)

10 years (August 25, 2025)

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)

August 12, 2015

10. Subscriptions accepted from

August 6, 2015

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 four companies, jointly managed bySMBC Nikko Securities Inc. , Nomura Securities Co., Ltd. ,Daiwa Securities Co. Ltd.and Shinkin Securities Co.,Ltd.

16. Transfer organization

Japan Securities Depository Center, Inc.

 

2 505th Corporate Bonds

1. Amount issued

10 billion yen

2. Denominations

1 million yen

3. Coupon rate

1.128% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

1.128% annually

6. Period (payback date)

15 years (August 23, 2030)

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)

August 12, 2015

10. Subscriptions accepted from

August 6, 2015

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 four companies, jointly managed bySMBC Nikko Securities Inc. , Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,Mizuho Securities Co., Ltd. and Tokai Tokyo Securities Co.,Ltd.

16. Transfer organization

Japan Securities Depository Center, Inc.