Press Release Back Number(2000)

The 442nd Issuance of Bonds (Domestic Corporate Straight Bonds) by Chubu Electric Power Co., Ltd.

September 12, 2000

We today offer an issue of domestic corporate straight bonds (442nd issue; JPY25 billion).
These bonds are constant maturity swap (MS) floating-rate notes whose rate of interest fluctuates in accordance with the swap interest rate at each payment of interest..

Details of the issue are provided below:

  1. 1. Amount of issue: JPY25 billion.
  2. 2. Face amount of bond: JPY100 million.
  3. 3. Nominal rate: 20-year swap rate - 2-year swap rate + 0.55%. (The lowest rate is 0%.)
  4. 4. Offer price: JPY100 per face value of JPY100.
  5. 5. Yield to subscribers: 20-year swap rate - 2-year swap rate + 0.55%. (The lowest rate is 0%.)
  6. 6. Period (Final maturity): 10 years (September 24, 2010).
  7. 7. Amortization method: Bullet maturity amortization.
  8. 8. Coupon date: March 25 and September 25 annually.
  9. 9. Date of issue (date of payment): September 29, 2000.
  10. 10. Offering date: September 12, 2000.
  11. 11. Offering method: Public offering.
  12. 12. Application of funds: Equipment
  13. 13. Collateral: general security under the Electricity Enterprise Act.
  14. 14. Bond management bank: Sakura Bank (Representative), Industrial Bank of Japan and Tokai Bank.
  15. 15. Underwriter: Syndicate composed of five underwriters; Tokyo Mitsubishi Securities is the syndicate manager.