Press Release
Chubu Electric Power Issuing 520th and 521st Corporate Bonds (Domestic Corporate Straight Bonds)
February 28, 2017
Chubu Electric Power Co.,Inc.
Chubu Electric has decided to issue 6-year (520th issue, worth 20 billion yen) and 20-year (521st 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 520th Corporate Bonds
1. Amount issued
20 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.190% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.190% annually
6. Period (payback date)
6 years (March 24, 2023)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
March 25 and September 25 of each year
9. Payment receipt date (Issue date)
March 07, 2017
10. Subscriptions accepted from
February 28, 2017
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 Mizuho 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.
2 521st Corporate Bonds
1. Amount issued
10 billion yen
2. Denominations
1 million yen
3. Coupon rate
0.853% annually
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
0.853% annually
6. Period (payback date)
20 years (March 25, 2037)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
March 25 and September 25 of each year
9. Payment receipt date (Issue date)
March 7, 2017
10. Subscriptions accepted from
February 28, 2017
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 Mizuho Securities Co., Ltd., Nomura Securities Co., Ltd., Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd. and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.