TOHOKU ELECTRIC POWER CO., INC.

June 2, 2017

Notice Concerning Issuance of the 494th and 495th Straight Bonds of Tohoku Electric Power Co., Inc.

We hereby announce that the 494th and 495th Straight Bonds of Tohoku Electric Power Co., Inc. will be issued as described below.

Please note that the 494th bond will be offered to institutional investors only, and the 495th bond will be offered to individual investors only.

The 494th Straight Bond (institutional investors only)

  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 June 2, 2017 Subscription date June 2, 2017

    Closing date June 8, 2017

    Date of issue June 8, 2017

  6. Interest: 0.425% p.a.

    (Yield to maturity: 0.425% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

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

  10. Redemption method: Bullet maturity

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

    Nomura Securities Co., Ltd. SMBC Nikko Securities Inc.

    Mitsubishi UFJ Morgan Stanley 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 495th Straight Bond (individual investors only)

  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 June 5, 2017 Subscription date June 22, 2017

    Closing date June 23, 2017

    Date of issue June 23, 2017

  6. Interest: 0.14% p.a.

    (Yield to maturity: 0.14% p.a.)

  7. Issue price: 100% of the denomination

  8. Redemption price: 100% of the denomination

  9. Period to maturity: 3 years (June 25, 2020)

  10. Redemption method: Bullet maturity

  11. Manager: Daiwa 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.)

  14. Dealers: Daiwa Securities Co. Ltd. Nomura Securities Co., Ltd. SMBC Nikko Securities Inc. Mizuho Securities Co., Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Tokai Tokyo Securities Co., Ltd.

SMBC Friend Securities Co., Ltd. Okasan Securities Co., Ltd.

Marusan Securities Co., Ltd. Toyo Securities Co., Ltd.

Okasan Niigata Securities Co., Ltd. Daishi Securities Co., Ltd.

Mito Securities Co., Ltd. SBI SECURITIES Co., Ltd.

Tohoku Electric Power Co. Inc. published this content on 02 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 June 2017 02:51:16 UTC.

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