Press Release
Chubu Electric Power Issuing 516th and 517th Corporate Bonds (Domestic Corporate Straight Bonds)
November 29, 2016
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 10-year (516th issue, worth 10 billion yen) and 20-year (517th 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 516th Corporate Bonds
1. Amount issued
10 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.260% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.260% annually
6. Period (payback date)
10 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 6 , 2016
10. Subscriptions accepted from
November 29, 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., Mizuho Securities Co.,Ltd. and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.
2 517th Corporate Bonds
1. Amount issued
10 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.706% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.706% annually
6. Period (payback date)
20 years (December 25, 2036)
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 6, 2016
10. Subscriptions accepted from
November 29, 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., Mizuho Securities Co.,Ltd. and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.