Press Release
Chubu Electric Power Issuing 504th and 505th Corporate Bonds (Domestic Corporate Straight Bonds)
August 06, 2015
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year (504th issue, worth 10 billion yen) and 15-year (505th issue, worth 10 billion yen) domestic corporate straight bonds and has begun accepting applications today.
The following is an overview of issue conditions.
Details
1 504th Corporate Bonds
1. Amount issued
10 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.694% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.694% annually
6. Period (payback date)
10 years (August 25, 2025)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
February 25 and August 25 of each year
9. Payment receipt date (Issue date)
August 12, 2015
10. Subscriptions accepted from
August 06, 2015
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 four companies, jointly managed bySMBC Nikko Securities Inc. , Nomura Securities Co., Ltd. ,Daiwa Securities Co. Ltd.and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.
2 505th Corporate Bonds
1. Amount issued
10 billion yen
2. Denominations
1 million yen
3. Coupon rate
1.128% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
1.128% annually
6. Period (payback date)
15 years (August 23, 2030)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
February 25 and August 25 of each year
9. Payment receipt date (Issue date)
August 12, 2015
10. Subscriptions accepted from
August 06, 2015
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 four companies, jointly managed bySMBC Nikko Securities Inc. , Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.,Mizuho Securities Co., Ltd. and Tokai Tokyo Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.