Press Release
Chubu Electric Power Issuing 495th Corporate Bonds (Domestic Corporate Straight Bonds)
June 04, 2010
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 6-year domestic corporate straight bonds (495th issue, worth 30 billion yen) and has begun accepting applications today.
The following is an overview of issue conditions.
Details
1. Amount issued
30 billion yen
2. Denominations
1 million yen (One denomination only)
3. Coupon rate
0.638%/year
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.638%/year
6. Period (payback date)
6 years (June 24, 2016)
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)
June 11, 2010
10. Subscriptions accepted from
June 04, 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 eight companies, jointly managed by Mizuho Securities Co., Ltd., Daiwa Securities Capital Markets Co. Ltd. and Nikko Cordial Securities Inc.
16. Transfer organization
Japan Securities Depository Center, Inc.