Tohoku Electric Power : Notice Concerning Issuance of the 505th Straight Bonds of Tohoku Electric Power Co., Inc.
November 21, 2018 at 09:55 pm EST
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TOHOKU ELECTRIC POWER CO., INC.
November 22, 2018
Notice Concerning Issuance of the 505th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 505th Straight Bonds of Tohoku Electric Power Co., Inc. will be issued as described below.
Please note that the bond will be offered to institutional investors only.
The 505th Straight Bond (institutional investors only)
1. Purpose of issuance:
Proceeds will be used for capital expenditure
2. Type of bond:
Straight bond (with general mortgage)
3. Aggregate
principal amount:
20 billion yen
4. Denomination:
1 million yen
5. Schedule:
6. Interest:
(Yield to maturity: 0.420% p.a.)
7. Issue price:
100% of the denomination
8. Redemption price:
100% of the denomination
9. Period to maturity:
10 years (November 24, 2028)
10. Redemption method:
Bullet maturity
11. Managers:
Daiwa Securities Co. Ltd. (Lead manager)
Nomura Securities Co., Ltd.
SMBC Nikko Securities Inc.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
12. Bond trustees:
Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
13. Bond rating:
A + (Rating and Investment Information, Inc.)
AA- (Japan Credit Rating Agency, Ltd.)
Date of offer
November 22, 2018
Subscription date
November 22, 2018
Closing date
November 29, 2018
Date of issue
November 29, 2018
0.420% p.a.
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Tohoku Electric Power Co. Inc. published this content on 22 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 November 2018 02:55:00 UTC
Tohoku Electric Power Company, Incorporated is a Japan-based company primarily engaged in the electric power business. The Company operates in two business segments. The Power Supply segment is involved in the generation and provision of electric power. The Construction segment is involved in the design of electrical, telecommunications, civil engineering and construction works and power supply equipment, as well as the investigation, surveying, measurement and analysis related to environmental protection.