Kyushu Electric Power Company Incorporated has decided to issue its 399th and 400th domestic straight bonds. These offerings are arranged for institutional investors.
| 1.Name of Bonds |
399th Bonds |
400th Bonds |
| 2.Issue amount |
20 billion yen |
20 billion yen |
| 3.Coupon |
1.180% |
1.777% |
| 4.Issue price |
100% |
100% |
| 5.Term to maturity |
7-year bullet bond |
12-year bullet bond |
| 6.Yield to investors |
1.180% |
1.777% |
| 7.Denomination |
1 million yen |
| 8.Offering period |
April 9, 2008 |
| 9.Issue date |
April 23, 2008 |
| 10.Maturity date |
April 24, 2015 |
April 24, 2020 |
| 11.Use of proceeds |
General capital expenditure and debt repayment |
| 12.Lead manager |
Daiwa Securities SMBC Co., Ltd
Mitsubishi UFJ Securities Co., Ltd
Nikko Citigroup Ltd.
BNP PARIBAS Securities (Japan) Ltd. Tokyo Branch |
Daiwa Securities SMBC Co., Ltd
Mitsubishi UFJ Securities Co., Ltd |
| 13.Rating |
R&I (Rating & Investment Information, Inc.) Rating: AA+
JCR (Japan Credit Rating Agency, Ltd.) Rating: AAA
Moody's Investors Service Inc. Rating: Aa2 |
This announcement is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product. |