Tohoku Electric Power Incorporated : Notice Concerning Issuance of the 520th and 521th Straight Bonds of Tohoku Electric Power Co., Inc.
May 20, 2020 at 10:39 pm EDT
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TOHOKU ELECTRIC POWER CO., INC.
May 21, 2020
Notice Concerning Issuance of the 520th and 521th Straight Bonds of Tohoku Electric Power
Co., Inc.
We hereby announce that the 520th and 521th Straight Bonds of Tohoku Electric Power Co., Inc. will be issued as described below.
Please note that the bonds will be offered to institutional investors only.
The 520th Straight Bond
1.
Purpose of issuance:
Proceeds will be used for capital expenditure, bond redemption, and loans
to Tohoku Electric Power Network Co., Inc.
2.
Type of bond:
Straight bond (with general mortgage)
3.
Aggregate
principal amount:
45 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
May 21, 2020
Subscription date
May 21, 2020
Closing date
May 27, 2020
Date of issue
May 27, 2020
6.
Interest:
0.040% p.a.
(Yield to maturity: 0.040% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
3 years (May 25, 2023)
10. Redemption method:
Bullet maturity
11. Managers:
Mizuho Securities Co., Ltd. (Lead manager)
Daiwa Securities Co. Ltd.
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.)
The 521th Straight Bond
1.
Purpose of issuance:
Proceeds will be used for capital expenditure, bond redemption, and loans
to Tohoku Electric Power Network Co., Inc.
2.
Type of bond:
Straight bond (with general mortgage)
3.
Aggregate
principal amount:
50 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
May 21, 2020
Subscription date
May 21, 2020
Closing date
May 27, 2020
Date of issue
May 27, 2020
6.
Interest:
0.450% p.a.
(Yield to maturity: 0.450% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
10 years (May 24, 2030)
10. Redemption method:
Bullet maturity
11. Managers:
Daiwa Securities Co. Ltd. (Lead manager)
Nomura Securities Co., Ltd.
SMBC Nikko Securities Inc.
Shinkin Securities Co., Ltd.
Tokai Tokyo 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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Tohoku Electric Power Co. Inc. published this content on 21 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 May 2020 02:38:05 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.
TOHOKU ELECTRIC POWER COMPANY, INCORPORATED 
