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. |