TOHOKU ELECTRIC POWER CO., INC.

February 22, 2017

Notice Concerning Issuance of the 490th and 491st Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 490th and 491st 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 490th Straight Bonds

  1. Purpose of issuance: Proceeds will be used for capital expenditure

  2. Type of bond: Straight bond (with general mortgage)

  3. Aggregate

    principal amount: 10 billion yen

  4. Denomination: 1 million yen

  5. Schedule: Date of offer February 22, 2017 Subscription date February 22, 2017

    Closing date February 28, 2017

    Date of issue February 28, 2017

  6. Interest: 0.220% p.a.

    (Yield to maturity: 0.220% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

  9. Period to maturity: 6 years (February 24, 2023)

  10. Redemption method: Bullet maturity

  11. Managers: Mizuho Securities Co., Ltd. (Lead manager)

    Nomura Securities Co., Ltd. Daiwa Securities Co. Ltd.

  12. Bond trustees: Mizuho Bank, Ltd.

    Sumitomo Mitsui Banking Corporation

  13. Bond ratings: A (Rating and Investment Information, Inc.)

AA- (Japan Credit Rating Agency, Ltd.)

The 491st Straight Bonds

  1. Purpose of issuance: Proceeds will be used for capital expenditure

  2. Type of bond: Straight bond (with general mortgage)

  3. Aggregate

    principal amount: 10 billion yen

  4. Denomination: 1 million yen

  5. Schedule: Date of offer February 22, 2017 Subscription date February 22, 2017

    Closing date February 28, 2017

    Date of issue February 28, 2017

  6. Interest: 0.420% p.a.

    (Yield to maturity: 0.420% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

  9. Period to maturity: 10 years (February 25, 2027)

  10. Redemption method: Bullet maturity

  11. Managers: Nomura Securities Co., Ltd. (Lead manager)

    SMBC Nikko Securities Inc.

    Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

  12. Bond trustees: Mizuho Bank, Ltd.

    Sumitomo Mitsui Banking Corporation

  13. Bond ratings: A (Rating and Investment Information, Inc.)

AA- (Japan Credit Rating Agency, Ltd.)

Tohoku Electric Power Co. Inc. published this content on 22 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 February 2017 04:29:09 UTC.

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