Press Release
Issuing Domestic Corporate Straight Bonds (3-year, 30 billion yen and 5-year, 20 billion yen)
December 02, 2021
Chubu Electric Power Co.,Inc.
Chubu Electric Power has decided to issue 3-year (551st issue, worth 30 billion yen) and 5-year (552nd issue, 20 billion yen) domestic corporate straight bonds, the offering period of which has begun today.
The following is an overview of issue conditions.
Details
1 551st Corporate Bonds
1 |
Amount issued |
30 billion yen |
2 |
Denominations |
1 million yen |
3 |
Coupon rate |
0.001% per annum |
4 |
Cost (Issue value) |
100.003 yen per par value of 100 yen |
5 |
Subscriber yield |
Approx. 0.000% per annum |
6 |
Period (payback date) |
3 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 08, 2021 |
10 |
Subscription accepted from |
December 02, 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 four lead companies: |
16 |
Depository |
Japan Securities Depository Center, Inc. |
2 552nd Corporate Bonds
1 |
Amount issued |
20 billion yen |
2 |
Denominations |
1 million yen |
3 |
Coupon rate |
0.150% per annum |
4 |
Cost (Issue value) |
100 yen per par value of 100 yen |
5 |
Subscriber yield |
0.150% per annum |
6 |
Period (payback date) |
5 years (December 25, 2026) |
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 08, 2021 |
10 |
Subscription accepted from |
December 02, 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 four lead companies: |
16 |
Depository |
Japan Securities Depository Center, Inc. |