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Press Release 2009

Chubu Electric Power Issuing 491st Corporate Bonds (Domestic Corporate Straight Bonds)

September 8, 2009

Chubu Electric Power Co., Inc.

Chubu Electric has decided to issue 10-year domestic corporate straight bonds (491st issue, worth 20 billion yen) and has begun accepting applications today.

 

The following is an overview of issue conditions.

Details

1.

Amount issued

20 billion yen

2.

Denominations

1 million yen (One denomination only)

3.

Coupon rate

1.458% annually

4.

Cost (Issue value)

100 yen per par value of 100 yen

5.

Subscriber yield

1.458% annually

6.

Period (payback date)

10 years (September 25, 2019)

7.

Payback schedule

Lump-sum payment at end of period

8.

Interest disbursements

March 25th and September 25th of each year

9.

Payment receipt date (Issue date)

September 18, 2009

10.

Subscriptions accepted from

September 8, 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 Daiwa Securities SMBC Co. Ltd., Mitsubishi UFJ Securities Co., Ltd., and BNP Paribas Securities Limited, Tokyo Branch.

16.

Transfer organization

Japan Securities Depository Center, Inc.