Chubu Electric has decided to issue 10-year domestic corporate straight bonds (502nd issue, worth 20 billion yen) and has begun accepting applications today.
The following is an overview of issue conditions.
Details
1. Amount issued20 billion yen
2. Denominations1 million yen (One denomination only)
3. Coupon rate0.671% annually
4. Cost (Issue value)100 yen per par value of 100 yen
5. Subscriber yield0.671% annually
6. Period (payback date)10 years (December 25, 2024)
7. Payback scheduleLump-sum payment at end of period
8. Interest disbursementsJune 25 and December 25 of each year
9. Payment receipt date (Issue date)December 11, 2014
10. Subscriptions accepted fromDecember 4, 2014
11. Subscription procedurePublic offering
12. Purpose of fundsEquipment funding, payback of loans, payback of corporate bonds
13. SecurityOrdinary security under Electric Utility Law
14. Bond administratorsSumitomo Mitsui Banking Corporation (Lead), Mizuho Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.
15. UnderwritersAn underwriting group of seven companies, jointly managed by Daiwa Securities Co. Ltd.,SMBC Nikko Securities Inc. and Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Japan Securities Depository Center, Inc.
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