Chubu Electric Power Incorporated : Issuing Domestic Corporate Straight Bonds (3-year, 30 billion yen and 5-year, 20 billion yen)
December 02, 2021 at 12:11 am EST
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Press Release
Issuing Domestic Corporate Straight Bonds (3-year, 30 billion yen and 5-year, 20 billion yen)
December 02, 2021
Chubu Electric Power Co.,Inc.
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Chubu Electric Power has decided to issue 3-year (551st issue, worth 30 billion yen) and 5-year (552nd issue, 20 billion yen) domestic corporate straight bonds, the offering period of which has begun today.
The following is an overview of issue conditions.
Details
1 551st Corporate Bonds
1
Amount issued
30 billion yen
2
Denominations
1 million yen
3
Coupon rate
0.001% per annum
4
Cost (Issue value)
100.003 yen per par value of 100 yen
5
Subscriber yield
Approx. 0.000% per annum
6
Period (payback date)
3 years (December 25, 2024)
7
Payback schedule
Lump-sum payment at end of period
8
Interest disbursements
June 25 and December 25 of each year
9
Payment receipt date (Issue date)
December 08, 2021
10
Subscription accepted from
December 02, 2021
11
Subscription procedure
Public offering
12
Purpose for funds
Equipment funding, payback of loans, Loan fund for Chubu Electric Power Grid Co., Inc.
13
Security
Ordinary security under Electric Utility Industry Law
14
Bond Administrators
Sumitomo Mitsui Banking Corporation (Lead),
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.
15
Underwriters
Jointly managed by an underwriting group of four lead companies:
Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd.,
Nomura Securities Co.,Ltd.,
Daiwa Securities Co., Ltd.,
Mizuho Securities Co., Ltd.
16
Depository
Japan Securities Depository Center, Inc.
2 552nd Corporate Bonds
1
Amount issued
20 billion yen
2
Denominations
1 million yen
3
Coupon rate
0.150% per annum
4
Cost (Issue value)
100 yen per par value of 100 yen
5
Subscriber yield
0.150% per annum
6
Period (payback date)
5 years (December 25, 2026)
7
Payback schedule
Lump-sum payment at end of period
8
Interest disbursements
June 25 and December 25 of each year
9
Payment receipt date (Issue date)
December 08, 2021
10
Subscription accepted from
December 02, 2021
11
Subscription procedure
Public offering
12
Purpose for funds
Equipment funding, payback of loans, Loan fund for Chubu Electric Power Grid Co., Inc.
13
Security
Ordinary security under Electric Utility Industry Law
14
Bond Administrators
Sumitomo Mitsui Banking Corporation (Lead),
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.
15
Underwriters
Jointly managed by an underwriting group of four lead companies:
Daiwa Securities Co., Ltd.,
Nomura Securities Co.,Ltd.,
Mizuho Securities Co., Ltd.,
Tokai Tokyo Securities Co., Ltd.
16
Depository
Japan Securities Depository Center, Inc.
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Chubu Electric Power Co. Inc. published this content on 02 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 05:10:06 UTC.
Chubu Electric Power Co., Inc specializes in the production and distribution of electricity. Net sales break down by activity as follows:
- sale of electricity (85.8%);
- other (14.2%): primarily sale of gas and electric installation maintenance services.