Kyushu Electric Power Company Incorporated has decided to issue its 403rd and 404th domestic straight bonds. These offerings are arranged for institutional investors.
1. Name of Bonds |
403rd Bonds |
404th Bonds |
2. Issue amount |
25 billion yen |
20 billion yen |
3. Coupon |
1.243% |
1.884% |
4. Issue price |
100% |
100% |
5. Term to maturity |
5-year bullet bond |
12-year bullet bond |
6. Yield to investors |
1.243% |
1.884% |
7. Denomination |
1 million yen |
8. Offering period |
October 9, 2008 |
9. Issue date |
October 17, 2008 |
10. Maturity date |
October 25, 2013 |
October 23, 2020 |
11. Use of proceeds |
General capital expenditure and debt repayment |
12. Lead manager |
Mizuho Securities Co., Ltd.
Nikko Citigroup Ltd.
Mitsubishi UFJ Securities Co., Ltd |
Mizuho Securities Co., Ltd.
Daiwa Securities SMBC 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. |