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May 17, 2019 Kyushu Electric Power Co., Inc.

Issuance of Kyushu Electric Power Company's 476th and 477th Bonds

 Kyushu Electric Power Company Incorporated has decided to issue its 476th and 477th domestic straight bonds. This offering is arranged for institutional investors.

  476th Bonds 477th Bonds
1 Issue amount 35 billion yen 15 billion yen
2 Denomination 1 million yen
3 Coupon 0.430% 0.721%
4 Issue price 100 yen per par value of 100 yen
5 Yield to investors 0.430% 0.721%
6 Offering period May 17, 2019
7 Payment date
  (Issue date)
May 23, 2019
8 Maturity date May 25, 2029
(10-year bullet bond)
May 25, 2039
(20-year bullet bond)
9 Use of proceeds General capital expenditure and debt repayment
10 Lead manager Mizuho Securities Co., Ltd.
SMBC Nikko Securities Inc.
Daiwa Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Daiwa Securities Co., Ltd.
Nomura Securities Co., Ltd.
Mizuho Securities Co., Ltd.
11 Rating R&I (Rating & Investment Information, Inc.) Rating: A
JCR (Japan Credit Rating Agency, Ltd.) Rating: AA-
Moody's Japan K.K.: A3

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.