Press Release
Chubu Electric Power Issuing 497th Corporate Bonds (Domestic Corporate Straight Bonds)
October 15, 2010
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year domestic corporate straight bonds (497th 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
0.986% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.986% annually
6. Period (payback date)
10 years (October 23, 2020)
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 21, 2010
10. Subscriptions accepted from
October 15, 2010
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 Capital Markets Co. Ltd., Mizuho Securities Co., Ltd. and BNP Paribas Securities Limited, Tokyo Branch.
16. Transfer organization
Japan Securities Depository Center, Inc.