Kyushu Electric Power Company Incorporated has decided to issue its 395th and 396th domestic straight bonds. These offerings are arranged for institutional investors.
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1. Name of Bonds
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395th Bonds
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396th Bonds
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2. Issue amount
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10 billion yen
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20 billion yen
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3. Coupon
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1.45%
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1.79%
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4. Issue price
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99.98%
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99.94%
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5. Term to maturity
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7-year bullet bond
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10-year bullet bond
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6. Yield to investors
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1.453%
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1.797%
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7. Denomination
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1 million yen
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8. Offering period
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November 7, 2007
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9. Issue date
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November 26, 2007
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10. Maturity date
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November 25, 2014
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November 24, 2017
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11. Use of proceeds
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General capital expenditure and debt repayment
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12. Lead manager
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Mitsubishi UFJ Securities Co., Ltd Mitsubishi UFJ Securities Co., Ltd
Daiwa Securities SMBC Co., Ltd Nomura Securities Co., Ltd
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13. Rating
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R&I (Rating & Investment Information, Inc.) Rating: AA+
JCR (Japan Credit Rating Agency, Ltd.) Rating: AAA
Moody's Investors Service Inc. Rating: Aa2
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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.
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