Press Release
Chubu Electric Power Issuing 518th and 519th Corporate Bonds (Domestic Corporate Straight Bonds)
January 13, 2017
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 6-year (518th issue, worth 30 billion yen) and 20-year (519th issue, worth 20 billion yen) domestic corporate straight bonds and has begun accepting applications today.
The following is an overview of issue conditions.
Details
1 518th Corporate Bonds
1. Amount issued
30 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.190% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.190% annually
6. Period (payback date)
6 years (January 25, 2023)
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)
January 20, 2017
10. Subscriptions accepted from
January 13, 2017
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 by Daiwa Securities Co., Ltd., Nomura Securities Co., Ltd. , SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.
2 519th Corporate Bonds
1. Amount issued
20 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.840% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.840% annually
6. Period (payback date)
20 years (January 23, 2037)
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)
January 20, 2017
10. Subscriptions accepted from
January 13, 2017
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 by SMBC Nikko Securities Inc. , Daiwa Securities Co., Ltd.,Mizuho Securities Co., Ltd. and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.