Tohoku Electric Power Incorporated : Notice Concerning Issuance of the 547th and 548th Straight Bonds of Tohoku Electric Power Co., Inc.
June 09, 2022 at 02:22 am EDT
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TOHOKU ELECTRIC POWER CO., INC.
June 9, 2022
Notice Concerning Issuance of the 547th and 548th Straight Bonds of Tohoku Electric Power
Co., Inc.
We hereby announce that the 547th and 548th 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 547th 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:
13.3 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
June 9, 2022
Subscription date
June 9, 2022
Closing date
June 15, 2022
Date of issue
June 15, 2022
6.
Interest:
0.500% p.a.
(Yield to maturity: 0.500% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
7 years (June 25, 2029)
10. Redemption method:
Bullet maturity
11. Managers:
Mizuho Securities Co., Ltd. (Lead manager)
Tokai Tokyo Securities Co., Ltd.
Nomura 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.)
The 548th 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:
5 billion yen
4.
Denomination:
1 million yen
5.
Schedule:
Date of offer
June 9, 2022
Subscription date
June 9, 2022
Closing date
June 15, 2022
Date of issue
June 15, 2022
6.
Interest:
1.150% p.a.
(Yield to maturity: 1.150% p.a.)
7.
Issue price:
100% of the denomination
8.
Redemption price:
100% of the denomination
9.
Period to maturity:
25 years (June 25, 2047)
10. Redemption method:
Bullet maturity
11. Managers:
Mizuho Securities Co., Ltd. (Lead manager)
Daiwa 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 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2022 06:21:06 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.
TOHOKU ELECTRIC POWER COMPANY, INCORPORATED 
