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Tohoku Electric Power : Notice Concerning Issuance of the 496th and 497th Straight Bonds of Tohoku Electric Power Co., Inc.
September 31, 2017 at 10:28 pm EDT
TOHOKU ELECTRIC POWER CO., INC.
September 1, 2017
Notice Concerning Issuance of the 496th and 497th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 496th and 497th 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 496th Straight Bond
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 September 1, 2017 Subscription date September 1, 2017
Closing date September 7, 2017
Date of issue September 7, 2017
Interest: 0.355% p.a.
(Yield to maturity: 0.355% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 10 years (September 24, 2027)
Redemption method: Bullet maturity
Managers: SMBC Nikko Securities Inc. (Lead Manager)
Daiwa Securities Co. Ltd. Mizuho Securities Co., Ltd.
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.)
The 497th Straight Bond
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 September 1, 2017 Subscription date September 1, 2017
Closing date September 7, 2017
Date of issue September 7, 2017
Interest: 0.807% p.a.
(Yield to maturity: 0.807% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 20 years (September 25, 2037)
Redemption method: Bullet maturity
Managers: Nomura Securities Co., Ltd. (Lead manager)
Daiwa Securities Co. Ltd.
Mitsubishi UFJ Morgan Stanley 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.)
Tohoku Electric Power Co. Inc. published this content on 01 September 2017 and is solely responsible for the information contained herein.01 September 2017 02:27:03 UTC .
Original document http://www.tohoku-epco.co.jp/english/press/__icsFiles/afieldfile/2017/09/01/press170901.pdf
Public permalink http://www.publicnow.com/view/062DF1214ACD3A24402CF9302085302FA8924AA1
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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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1st Jan change
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