Kyushu Electric Power Company Incorporated has decided to issue its 399th and 400th domestic straight bonds. These offerings are arranged for institutional investors.
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1.Name of Bonds
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399th Bonds
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400th Bonds
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2.Issue amount
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20 billion yen
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20 billion yen
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3.Coupon
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1.180%
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1.777%
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4.Issue price
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100%
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100%
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5.Term to maturity
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7-year bullet bond
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12-year bullet bond
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6.Yield to investors
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1.180%
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1.777%
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7.Denomination
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1 million yen
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8.Offering period
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April 9, 2008
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9.Issue date
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April 23, 2008
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10.Maturity date
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April 24, 2015
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April 24, 2020
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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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Daiwa Securities SMBC Co., Ltd
Mitsubishi UFJ Securities Co., Ltd
Nikko Citigroup Ltd.
BNP PARIBAS Securities (Japan) Ltd. Tokyo Branch
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Daiwa Securities SMBC Co., Ltd
Mitsubishi UFJ 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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