Chubu Electric Power : Issuing 568th Corporate Bonds "Third Chubu Electric Power Green Bonds" and 569th Corporate Bonds
May 16, 2024 at 11:36 am IST
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Issuing 568th Corporate Bonds "Third Chubu Electric Power Green Bonds" and 569th Corporate Bonds
May 16, 2024
Chubu Electric Power Co.,Inc.
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Chubu Electric Power has decided to 568th corporate bonds "third chubu electric power green bonds"(*) and 569th corporate bonds, the offering period of which has begun today.
The following is an overview of issue conditions.
(*) From the standpoint of promoting initiatives to realize a carbon-free society and diversify financing, third chubu electric power green bonds limits use of procured financing to development of renewable energies and other environmental improvement projects.
Details
1 568th Corporate Bonds "Third Chubu Electric Power Green Bonds"
1
Amount issued
10 billion yen
2
Denominations
1 million yen
3
Coupon rate
1.214% per annum
4
Cost (Issue value)
100 yen per par value of 100 yen
5
Subscriber yield
1.214% per annum
6
Period (payback date)
10 years (May 25, 2034)
7
Payback schedule
Lump-sum payment at end of period
8
Interest disbursements
May 25 and November 25 of each year
9
Payment receipt date (Issue date)
May 22, 2024
10
Subscription accepted from
May 16, 2024
11
Subscription procedure
Public offering
12
Purpose for funds
Development, construction, administration and maintenance of renewable energy facilities
13
Security
Ordinary security under Electric Utility Industry Law
14
Bond Administrators
Sumitomo Mitsui Banking Corporation (Lead),
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.
15
Underwriters
Jointly managed by an underwriting group of three lead companies:
Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd.,
Mizuho Securities Co., Ltd.,
Shinkin Securities Co.,Ltd.
16
Depository
Japan Securities Depository Center, Inc.
2 569th Corporate Bonds
1
Amount issued
8 billion yen
2
Denominations
1 million yen
3
Coupon rate
1.987% per annum
4
Cost (Issue value)
100 yen per par value of 100 yen
5
Subscriber yield
1.987% per annum
6
Period (payback date)
20 years (May 25, 2044)
7
Payback schedule
Lump-sum payment at end of period
8
Interest disbursements
May 25 and November 25 of each year
9
Payment receipt date (Issue date)
May 22, 2024
10
Subscription accepted from
May 16, 2024
11
Subscription procedure
Public offering
12
Purpose for funds
Equipment funding, payback of loans, payback of corporate bonds, Loan fund for Chubu Electric Power Grid Co., Inc.
13
Security
Ordinary security under Electric Utility Industry Law
14
Bond Administrators
Sumitomo Mitsui Banking Corporation (Lead),
Mizuho Bank, Ltd.,
MUFG Bank, Ltd.
15
Underwriters
Jointly managed by an underwriting group of four lead companies:
Mizuho Securities Co., Ltd.
Nomura Securities Co.,Ltd.,
Tokai Tokyo Securities Co., Ltd.,
Mitsubishi UFJ Morgan Stanley Securities Co.,Ltd.
16
Depository
Japan Securities Depository Center, Inc.
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Chubu Electric Power Co. Inc. published this content on
16 May 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
16 May 2024 06:05:31 UTC.
Chubu Electric Power Co., Inc specializes in the production and distribution of electricity. Net sales break down by activity as follows:
- sale of electricity (85.8%);
- other (14.2%): primarily sale of gas and electric installation maintenance services.