TOHOKU ELECTRIC POWER CO., INC.

April 14, 2017

Notice Concerning Issuance of the 492nd and 493rd Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 492nd and 493rd 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 492nd Straight Bonds
  1. Purpose of issuance: Proceeds will be used for capital expenditure and bond redemption

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

  3. Aggregate

    principal amount: 20 billion yen

  4. Denomination: 1 million yen

  5. Schedule: Date of offer April 14, 2017 Subscription date April 14, 2017

    Closing date April 20, 2017

    Date of issue April 20, 2017

  6. Interest: 0.405% p.a.

    (Yield to maturity: 0.405% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

  9. Period to maturity: 10 years (April 23, 2027)

  10. Redemption method: Bullet maturity

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

    Mizuho Securities Co., Ltd. Shinkin 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 493rd Straight Bonds
  1. Purpose of issuance: Proceeds will be used for capital expenditure and bond redemption

  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 April 14, 2017 Subscription date April 14, 2017

    Closing date April 20, 2017

    Date of issue April 20, 2017

  6. Interest: 0.856% p.a.

    (Yield to maturity: 0.856% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

  9. Period to maturity: 20 years (April 24, 2037)

  10. Redemption method: Bullet maturity

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

    SMBC Nikko Securities Inc.

    Mitsubishi UFJ Morgan Stanley 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.)

Tohoku Electric Power Co. Inc. published this content on 14 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 April 2017 02:38:02 UTC.

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