Issuance of Kyushu Electric Power Company's 493rd Bonds and 494th Bonds (Green Bond)
Kyushu Electric Power Company Incorporated has decided to issue its 493rd and 494th (Green Bond*) domestic straight bonds. This offering is arranged for institutional investors.
* The proceeds from the green bond will be allocated to development, construction, operation and renovation of eligible renewable energy projects with clear environmental benefits. Through the issuance of the green bond, the company aims to enhance its stakeholders' understanding of its initiatives to carbon-neutral as a power supplier and intends to diversify its funding base (previously announced on April 28, 2021).
| 493rd corporate bond | 494th corporate bond (Green Bond) |
||
|---|---|---|---|
| 1 | Issue amount | 50 billion yen | 15 billion yen |
| 2 | Denomination | 1 million yen | |
| 3 | Coupon | 0.100% | 0.310% |
| 4 | Issue price | 100 yen per par value of 100 yen | |
| 5 | Yield to investors | 0.100% | 0.310% |
| 6 | Offering period | June 4, 2021 | |
| 7 | Payment date (Issue date) |
June 10, 2021 | |
| 8 | Maturity date | May 25, 2026 (5-year bullet bond) |
May 23, 2031 (10-year bullet bond) |
| 9 | Use for proceeds | General capital investment, debt repayment and loan fund for Kyushu Electric Power Transmission and Distribution Co., Inc. | New investments and refinancing associated with the projects (Shin-Takeda Hydro Power Station, Jikumaru Hydro Power Station and Otake Geothermal Power Station) |
| 10 | Lead manager | Daiwa Securities Co. Ltd.; SMBC Nikko Securities Inc.; Nomura Securities Co., Ltd.; Mizuho Securities Co., Ltd.; Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
Mizuho Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. |
| 11 | Rating | Rating & Investment Information, Inc. (R&I): A Japan Credit Rating Agency, Ltd. (JCR): 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.
Issuance of Kyushu Electric Power Company's 493rd Bonds and 494th Bonds (Green Bond)
