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Tohoku Electric Power : Notice Concerning Issuance of the 490th and 491st Straight Bonds of Tohoku Electric Power Co., Inc.
February 22, 2017 at 09:59 am IST
TOHOKU ELECTRIC POWER CO., INC.
February 22, 2017
Notice Concerning Issuance of the 490th and 491st Straight Bonds of Tohoku Electric Power Co., Inc.
We hereby announce that the 490th and 491st 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 490th Straight Bonds
Purpose of issuance: Proceeds will be used for capital expenditure
Type of bond: Straight bond (with general mortgage)
Aggregate
principal amount: 10 billion yen
Denomination: 1 million yen
Schedule: Date of offer February 22, 2017 Subscription date February 22, 2017
Closing date February 28, 2017
Date of issue February 28, 2017
Interest: 0.220% p.a.
(Yield to maturity: 0.220% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 6 years (February 24, 2023)
Redemption method: Bullet maturity
Managers: Mizuho Securities Co., Ltd. (Lead manager)
Nomura Securities Co., Ltd. Daiwa Securities Co. Ltd.
Bond trustees: Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Bond ratings: A (Rating and Investment Information, Inc.)
AA- (Japan Credit Rating Agency, Ltd.)
The 491st Straight Bonds
Purpose of issuance: Proceeds will be used for capital expenditure
Type of bond: Straight bond (with general mortgage)
Aggregate
principal amount: 10 billion yen
Denomination: 1 million yen
Schedule: Date of offer February 22, 2017 Subscription date February 22, 2017
Closing date February 28, 2017
Date of issue February 28, 2017
Interest: 0.420% p.a.
(Yield to maturity: 0.420% p.a.)
Issue price: 100% of the denomination
Redemption price: 100% of the denomination
Period to maturity: 10 years (February 25, 2027)
Redemption method: Bullet maturity
Managers: Nomura Securities Co., Ltd. (Lead manager)
SMBC Nikko Securities Inc.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Bond trustees: Mizuho Bank, Ltd.
Sumitomo Mitsui Banking Corporation
Bond ratings: A (Rating and Investment Information, Inc.)
AA- (Japan Credit Rating Agency, Ltd.)
Tohoku Electric Power Co. Inc. published this content on 22 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 February 2017 04:29:09 UTC .
Original document http://www.tohoku-epco.co.jp/english/press/__icsFiles/afieldfile/2017/02/22/press170222.pdf
Public permalink http://www.publicnow.com/view/49474393C61E691877B0F0DA83A59F310DF612C0
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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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