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Tohoku Electric Power : Notice Concerning Issuance of the 498th and 499th Straight Bonds of Tohoku Electric Power Co., Inc.
November 16, 2017 at 09:18 pm EST
TOHOKU ELECTRIC POWER CO., INC.
November 17, 2017
Notice Concerning Issuance of the 498th and 499th Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 498th and 499th 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 498th 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 November 17, 2017 Subscription date November 17, 2017
Closing date November 27, 2017
Date of issue November 27, 2017
Interest: 0.170% p.a.
(Yield to maturity: 0.170% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 5 years (November 25, 2022)
Redemption method: Bullet maturity
Managers: Nomura Securities Co., Ltd. (Lead manager)
Mizuho Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley 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 499th 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 November 17, 2017 Subscription date November 17, 2017
Closing date November 27, 2017
Date of issue November 27, 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 (November 25, 2027)
Redemption method: Bullet maturity
Managers: Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (Lead manager) Nomura Securities Co., Ltd.
Daiwa Securities Co. Ltd. SMBC Nikko Securities Inc. Mizuho 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 17 November 2017 and is solely responsible for the information contained herein.17 November 2017 02:17:04 UTC .
Original document http://www.tohoku-epco.co.jp/english/press/__icsFiles/afieldfile/2017/11/17/press171117.pdf
Public permalink http://www.publicnow.com/view/567EDA3458915E5CDBD1078079DC7F5322C7CD04
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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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+22.38% 3.77B +9.12% 137B +5.16% 81.33B -2.19% 77.24B +1.08% 76.4B -8.92% 65.93B +61.39% 59.25B +5.59% 45.74B +7.56% 42.69B 0.00% 40.35B
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