Tohoku Electric Power Incorporated : Notice Concerning Issuance of the 515th Straight Bonds of Tohoku Electric Power Co., Inc.
November 20, 2019 at 10:26 pm EST
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TOHOKU ELECTRIC POWER CO., INC.
November 21, 2019
Notice Concerning Issuance of the 515th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 515th 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.
1.
Purpose of issuance:
Proceeds will be used for capital expenditure and bond redemption
2.
Type of bond:
Straight bond (with general mortgage)
3.
Aggregate
principal amount:
10 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
November 21, 2019
Subscription date
November 21, 2019
Closing date
November 27, 2019
Date of issue
November 27, 2019
6.
Interest:
0.190% p.a.
(Yield to maturity: 0.190% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
6 years (November 25, 2025)
10. Redemption method:
Bullet maturity
11. Managers:
Daiwa Securities Co. Ltd. (Lead manager)
SMBC Nikko Securities Inc.
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 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2019 03:25:03 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.