TOHOKU ELECTRIC POWER CO., INC.

April 4, 2019

Notice Concerning Issuance of the 508th Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 508th 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 508th 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:

40 billion yen

4.

Denomination:

1 million yen

5.

Schedule:

Date of offer

April 4, 2019

Subscription date

April 4, 2019

Closing date

April 10, 2019

Date of issue

April 10, 2019

6.

Interest:

0.465% p.a.

(Yield to maturity: 0.465% p.a.)

7.

Issue price:

100% of the denomination

8.

Redemption price:

100% of the denomination

9.

Period to maturity:

10 years (April 25, 2029)

10.Redemption method: Bullet maturity

11.Managers:Nomura Securities Co., Ltd. (Lead manager) Daiwa Securities Co. Ltd.

SMBC Nikko Securities Inc.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Shinkin 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.)

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Disclaimer

Tohoku Electric Power Co. Inc. published this content on 04 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 April 2019 06:36:05 UTC