Press Release
Chubu Electric Power Issuing 513th Corporate Bonds (Domestic Corporate Straight Bonds)
August 23, 2016
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 7-year domestic corporate straight bonds (513th 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
0.140% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.140% annually
6. Period (payback date)
7 years (August 25, 2023)
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 30, 2016
10. Subscriptions accepted from
August 23, 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 three companies, jointly managed by Mizuho Securities Co., Ltd. Nomura Securities Co.,Ltd. and SMBC Nikko Securities Inc.
16. Transfer organization
Japan Securities Depository Center, Inc.