Press Release
Issuing Domestic Corporate Straight Bonds (17-year, 12 billion yen)
November 12, 2021
Chubu Electric Power Co.,Inc.
Chubu Electric Power has decided to issue 17-year (550th issue, worth 12 billion yen) domestic corporate straight bonds, the offering period of which has begun today.
The following is an overview of issue conditions.
Details
1 |
Amount issued |
12 billion yen |
2 |
Denominations |
1 million yen |
3 |
Coupon rate |
0.500% per annum |
4 |
Cost (Issue value) |
100 yen per par value of 100 yen |
5 |
Subscriber yield |
0.500% per annum |
6 |
Period (payback date) |
17 years (November 25, 2038) |
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) |
November 18, 2021 |
10 |
Subscription accepted from |
November 12, 2021 |
11 |
Subscription procedure |
Public offering |
12 |
Purpose for funds |
Equipment funding, payback of loans, 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), |
15 |
Underwriters |
Jointly managed by an underwriting group of three lead companies: |
16 |
Depository |
Japan Securities Depository Center, Inc. |