Chubu Electric Power Co.,Inc. | 526th and 527th Corporate Bonds(Domestic Corporate Straight Bonds) - Press Releases(2017)
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Press Release 2017

526th and 527th Corporate Bonds(Domestic Corporate Straight Bonds)

October 6, 2017

Chubu Electric Power Co.,Inc.

Chubu Electric has decided to issue 10-year  (526th issue, worth 10 billion yen) and 20-year (527th 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   526th Corporate Bonds

1. Amount issued

10 billion yen

2. Denominations

1 million yen

3. Coupon rate

0.380% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

0.380% annually

6. Period (payback date)

10 years (October 25, 2027)

7. Payback schedule

Lump-sum payment at end of period

8. Interest disbursements

April 25 and October 25 of each year

9. Payment receipt date (Issue date)

October 16, 2017

10. Subscriptions accepted from

October 6, 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 three companies, jointly managed by SMBC Nikko Securities Inc., Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. and Mizuho Securities Co., Ltd. 

16. Transfer organization

Japan Securities Depository Center, Inc.

 

2   527th Corporate Bonds

1. Amount issued

10 billion yen

2. Denominations

1 million yen

3. Coupon rate

0.806% annually

4. Cost (Issue value)

100 yen per par value of 100 yen

5. Subscriber yield

0.806% annually

6. Period (payback date)

20 years (October 23, 2037)

7. Payback schedule

Lump-sum payment at end of period

8. Interest disbursements

April 25 and October 25 of each year

9. Payment receipt date (Issue date)

October 16, 2017

10. Subscriptions accepted from

October 6, 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.,Nomura Securities Co.,Ltd. Mizuho Securities Co., Ltd. and Tokai Tokyo Securities Co., Ltd.

16. Transfer organization

Japan Securities Depository Center, Inc.