May 18, 2022 Kyushu Electric Power Co., Inc.
Issuance of Kyushu Electric Power Company's 506th Bonds and 507th Bonds (Transition Bonds)
Kyushu Electric Power Company Incorporated has decided to issue its 506th and 507th domestic straight bonds (Transition Bonds*). This offering is arranged for institutional investors.
* Corporate bonds issued for the purpose of using the funds from them for initiative that are in line with the company's long-term transition strategies to reduce greenhouse gas. (previously announced on April 28, 2022).
| 506th corporate bond (Transition Bond) |
507th corporate bond (Transition Bond) |
||
|---|---|---|---|
| 1 | Issue amount | 30 billion yen | 25 billion yen |
| 2 | Denomination | 1 million yen | |
| 3 | Coupon | 0.350% | 0.644% |
| 4 | Issue price | 100 yen per par value of 100 yen | |
| 5 | Yield to investors | 0.350% | 0.644% |
| 6 | Offering period | May 18, 2022 | |
| 7 | Payment date (Issue date) |
May 24, 2022 | |
| 8 | Maturity date | May 25, 2027 (5-year bullet bond) |
May 25, 2032 (10-year bullet bond) |
| 9 | Use for proceeds | Development of a highly efficient thermal power plant and suspension or abolition of existing thermal power plants | |
| 10 | Lead manager | Mizuho Securities Co., Ltd.; Nomura Securities Co., Ltd.; Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.; Daiwa 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 |
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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.
Issuance of Kyushu Electric Power Company's 506th Bonds and 507th Bonds (Transition Bonds)
