Tohoku Electric Power Incorporated : Notice Concerning Issuance of the 522th Straight Bonds of Tohoku Electric Power Co., Inc.
June 03, 2020 at 12:56 am EDT
Share
TOHOKU ELECTRIC POWER CO., INC.
June 3, 2020
Notice Concerning Issuance of the 522th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 522th 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 522th 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:
6. Interest:
(Yield to maturity: 0.160% p.a.)
7. Issue price:
100% of the denomination
8. Redemption price:
100% of the denomination
9. Period to maturity:
5 years (June 25, 2025)
10. Redemption method:
Bullet maturity
11. Managers:
SMBC Nikko Securities Inc. (Lead manager)
Nomura Securities Co., Ltd.
Daiwa Securities Co. Ltd.
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.)
Date of offer
June 3, 2020
Subscription date
June 3, 2020
Closing date
June 9, 2020
Date of issue
June 9, 2020
0.160% p.a.
Attachments
Original document
Permalink
Disclaimer
Tohoku Electric Power Co. Inc. published this content on 03 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2020 04:55:08 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.