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Tohoku Electric Power : Notice Concerning Issuance of the 492nd and 493rd Straight Bonds of Tohoku Electric Power Co., Inc.
April 13, 2017 at 10:38 pm EDT
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
Purpose of issuance: Proceeds will be used for capital expenditure and bond redemption
Type of bond: Straight bond (with general mortgage)
Aggregate
principal amount: 20 billion yen
Denomination: 1 million yen
Schedule: Date of offer April 14, 2017 Subscription date April 14, 2017
Closing date April 20, 2017
Date of issue April 20, 2017
Interest: 0.405% p.a.
(Yield to maturity: 0.405% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 10 years (April 23, 2027)
Redemption method: Bullet maturity
Managers: Daiwa Securities Co. Ltd. (Lead Manager) Nomura Securities Co., Ltd.
Mizuho Securities Co., Ltd. Shinkin Securities Co., Ltd.
Bond trustees: Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Bond rating: A (Rating and Investment Information, Inc.)
AA- (Japan Credit Rating Agency, Ltd.)
The 493rd Straight Bonds
Purpose of issuance: Proceeds will be used for capital expenditure and bond redemption
Type of bond: Straight bond (with general mortgage)
Aggregate
principal amount: 10 billion yen
Denomination: 1 million yen
Schedule: Date of offer April 14, 2017 Subscription date April 14, 2017
Closing date April 20, 2017
Date of issue April 20, 2017
Interest: 0.856% p.a.
(Yield to maturity: 0.856% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 20 years (April 24, 2037)
Redemption method: Bullet maturity
Managers: Nomura Securities Co., Ltd. (Lead manager)
SMBC Nikko Securities Inc.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Tokai Tokyo Securities Co., Ltd.
Bond trustees: Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
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 .
Original document http://www.tohoku-epco.co.jp/english/press/__icsFiles/afieldfile/2017/04/14/press170414.pdf
Public permalink http://www.publicnow.com/view/815A581048C5A5832AD0D51009515A9673124FC9
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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.
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