Press Release
Chubu Electric Power Issuing 502nd Corporate Bonds (Domestic Corporate Straight Bonds)
December 04, 2014
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year domestic corporate straight bonds (502nd 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
0.671% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.671% annually
6. Period (payback date)
10 years (December 25, 2024)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
June 25 and December 25 of each year
9. Payment receipt date (Issue date)
December 11, 2014
10. Subscriptions accepted from
December 04, 2014
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 Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.
15. Underwriters
An underwriting group of seven companies, jointly managed by Daiwa Securities Co. Ltd.,SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.