Press Release
Chubu Electric Power Issuing 507th Corporate Bonds (Domestic Corporate Straight Bonds)
January 15, 2016
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year domestic corporate straight bonds (507th 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
3. Coupon rate
0.605% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.605% annually
6. Period (payback date)
10 years (January 23, 2026)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
January 25 and July 25 of each year
9. Payment receipt date (Issue date)
January 22, 2016
10. Subscriptions accepted from
January 15, 2016
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 by Nomura Securities Co.,Ltd., Daiwa Securities Co., Ltd. ,SMBC Nikko Securities Inc.and Tokai Tokyo Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.