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Press Release 2009

Chubu Electric Power Issuing 489th Corporate Bonds (Domestic Corporate Straight Bonds)

May 13, 2009

Chubu Electric Power Co., Inc.

Chubu Electric has decided to issue 5-year domestic corporate straight bonds (489th issue, worth 30 billion yen) and has begun accepting applications today.

The following is an overview of issue conditions.
 

Details

1.

Amount issued

30 billion yen

2.

Denominations

1 million yen (One denomination only)

3.

Coupon rate

1.018% annually

4.

Cost (Issue value)

100 yen per par value of 100 yen

5.

Subscriber yield

1.018%

6.

Period (payback date)

5 years (May 23, 2014)

7.

Payback schedule

Lump-sum payment at end of period

8.

Interest disbursements

May 25 and November 25 of each year 

9.

Payment receipt date (Issue date)

May 29, 2009

10.

Subscriptions accepted from

May 13, 2009

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 Corporate Bank, Ltd., and Bank of Tokyo-Mitsubishi UFJ, Ltd.

15.


 

Underwriters


 

An underwriting group of seven companies, jointly managed by Mizuho Securities Co., Ltd, Daiwa SecuritiesSMBC Co., Ltd, and Merrill Lynch Japan Securities Co., Ltd.

16.

Transfer organization

Japan Securities Depository Center, Inc.