Chubu Electric Power Co.,Inc. | Issuing Domestic Corporate Straight Bonds (3-year, 10 billion yen and 10-year, 10 billion yen) - Press Releases(2020)
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Press Release 2020

Issuing Domestic Corporate Straight Bonds (3-year, 10 billion yen and 10-year, 10 billion yen)

April 10, 2020

Chubu Electric Power Co.,Inc.

Chubu Electric Power has decided to issue 3-year (541st issue, worth 10 billion yen) and 10-year (542nd issue, 10 billion yen) domestic corporate straight bonds, the offering period of which has begun today.

The following is an overview of issue conditions.

Details

1 541st Corporate Bonds

(1)

Amount issued

10 billion yen

(2)

Denominations

1 million yen

(3)

Coupon rate

0.140% per annum

(4)

Cost (Issue value)

100 yen per par value of 100 yen

(5)

Subscriber yield

0.140% per annum

(6)

Period (payback date)

3 years (April 25, 2023)

(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)

April 17, 2020

(10)

Subscription accepted from

April 10, 2020

(11)

Subscription procedure

Public offering

(12)

Purpose for funds

Equipment funding, payback of loans, payback of corporate bonds, Loan fund for Chubu Electric Power Grid Co., Inc.

(13)

Security

Ordinary security under Electric Utility Industry Law 

(14)

Bond Administrators

Sumitomo Mitsui Banking Corporation (Lead)
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.

(15)

Underwriters

Jointly managed by an underwriting group of four lead companies:
SMBC Nikko Securities Inc.,
Nomura Securities Co.,Ltd.,
Daiwa Securities Co., Ltd.,
Tokai Tokyo Securities Co., Ltd.

(16)

Depository

Japan Securities Depository Center, Inc.

2   542nd Corporate Bonds

(1)

Amount issued

10 billion yen

(2)

Denominations

1 million yen

(3)

Coupon rate

0.350% per annum

(4)

Cost (Issue value)

100 yen per par value of 100 yen

(5)

Subscriber yield

0.350% per annum

(6)

Period (payback date)

10 years (April 25, 2030)

(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)

April 17, 2020

(10)

Subscription accepted from

April 10, 2020

(11)

Subscription procedure

Public offering

(12)

Purpose for funds

Equipment funding, payback of loans, payback of corporate bonds, Loan fund for Chubu Electric Power Grid Co., Inc.

(13)

Security

Ordinary security under Electric Utility Industry Law 

(14)

Bond Administrators

Sumitomo Mitsui Banking Corporation (Lead)
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.

(15)

Underwriters

Jointly managed by an underwriting group of four lead companies:
SMBC Nikko Securities Inc.,
Daiwa Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,
Shinkin Securities Co., Ltd.

(16)

Depository

Japan Securities Depository Center, Inc.

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