Chubu Electric Power has decided to issue 17-year (550th issue, worth 12 billion yen) domestic corporate straight bonds, the offering period of which has begun today.
The following is an overview of issue conditions.
Details
1
Amount issued
12 billion yen
2
Denominations
1 million yen
3
Coupon rate
0.500% per annum
4
Cost (Issue value)
100 yen per par value of 100 yen
5
Subscriber yield
0.500% per annum
6
Period (payback date)
17 years (November 25, 2038)
7
Payback schedule
Lump-sum payment at end of period
8
Interest disbursements
May 25 and November 25 of each year
9
Payment receipt date (Issue date)
November 18, 2021
10
Subscription accepted from
November 12, 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 three lead companies:
Nomura Securities Co.,Ltd.,
SMBC Nikko Securities Inc.,
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 12 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2021 05:16:02 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.