Press Release
526th and 527th Corporate Bonds(Domestic Corporate Straight Bonds)
October 06, 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 06, 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 06, 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.