Chubu Electric Power Issuing 508th Corporate Bonds (Domestic Corporate Straight Bonds)
OREANDA-NEWS. Chubu Electric has decided to issue 7-year domestic corporate straight bonds (508th issue, worth 20 billion yen) and has begun accepting applications today.
The following is an overview of issue conditions.
1. Amount issued
20 billion yen
1 million yen
3. Coupon rate
4. Cost (Issue value)
100 yen per par value of 100 yen
5. Subscriber yield
6. Period (payback date)
7 years (April 25, 2023)
7. Payback schedule
Lump-sum payment at end of period
8. Interest disbursements
April 25 and October 25 of each year
9. Payment receipt date (Issue date)
April 15, 2016
10. Subscriptions accepted from
April 8, 2016
11. Subscription procedure
12. Purpose of funds
Equipment funding, payback of loans, payback of corporate bonds
Ordinary security under Electric Utility Law
14. Bond administrators
Sumitomo Mitsui Banking Corporation (Lead) , Mizuho Bank, Ltd. and Bank of Tokyo-Mitsubishi UFJ, Ltd.
An underwriting group of four companies, jointly managed by Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. , SMBC Nikko Securities Inc. , Mizuho Securities Co., Ltd.and Shinkin Securities Co.,Ltd.
16. Transfer organization
Japan Securities Depository Center, Inc.