May 28, 2024
Kyushu Electric Power Co., Inc.
Kyushu Electric Power Co., Inc.
Issuance of Kyushu Electric Power Company's 526th and 527th Bonds (Transition Bonds)
As we previously announced on May 1,2024, today Kyushu Electric Power Company Incorporated has decided to issue its 526th and 527th 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.
| 526th corporate bond (Transition Bond) |
527th corporate bond (Transition Bond) |
||
|---|---|---|---|
| 1 | Issue amount | 10 billion yen | 20 billion yen |
| 2 | Denomination | 1 million yen | |
| 3 | Coupon | 0.858% | 1.425% |
| 4 | Issue price | 100 yen per par value of 100 yen | |
| 5 | Yield to investors | 0.858% | 1.425% |
| 6 | Offering period | May 28, 2024 | |
| 7 | Payment date (Issue date) |
June 3, 2024 | |
| 8 | Maturity date | May 25, 2029 (5-year bullet bond) |
May 25, 2034 (10-year bullet bond) |
| 9 | Use for proceeds | Refinancing of investments in safety measures for existing nuclear power plants | |
| 10 | Lead manager | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.; Mizuho Securities Co., Ltd.; SMBC Nikko Securities Inc.; Daiwa Securities Co. Ltd.; Nomura Securities Co., Ltd. |
Mizuho Securities Co., Ltd.; Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.; SMBC Nikko Securities Inc.; Daiwa Securities Co. Ltd.; Nomura 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.