Tohoku Electric Power Incorporated : Notice Concerning Issuance of the 536th Straight Bonds of Tohoku Electric Power Co., Inc.
September 09, 2021 at 12:42 am EDT
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TOHOKU ELECTRIC POWER CO., INC.
September 9, 2021
Notice Concerning Issuance of the 536th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 536th 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 536th 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:
30 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
September 9, 2021
Subscription date
September 9, 2021
Closing date
September 15, 2021
Date of issue
September 15, 2021
6.
Interest:
0.290% p.a.
(Yield to maturity: 0.290% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
10 years (September 25, 2031)
10. Redemption method:
Bullet maturity
11. Managers:
Mizuho Securities Co., Ltd. (Lead manager)
Daiwa Securities Co. Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Nomura 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 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 04:41:03 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.