Kyushu Electric Power Co., Inc.
Issuance of Kyushu Electric Power Company’s 8th U.S. Dollar-Denominated Unsubordinated Bonds with Statutory Preferential Right
Kyushu Electric Power Company Incorporated (the "Company") has decided to issue its 8th U.S. Dollar-denominated unsubordinated bonds with statutory preferential right (the "Bonds").
| 8th U.S. Dollar-Denominated Bonds | ||
|---|---|---|
| 1 | Issue amount | U.S.$ 500 million |
| 2 | Denominations | U.S.$ 200,000 and integral multiples of U.S.$ 1,000 in excess thereof |
| 3 | Coupon | 4.447% |
| 4 | Issue price | 100% |
| 5 | Pricing date | September 25, 2024 |
| 6 | Payment date (Issue date) |
October 2, 2024 |
| 7 | Interest payment date | April 2 and October 2 in each year commencing on April 2, 2025 |
| 8 | Maturity date | October 2, 2029 (5-year bullet bond, subject to early redemption at the option of the Company) |
| 9 | Status | Bonds with Statutory Preferential Right Under the Electricity Business Act, holders of the Bonds are entitled to the right to receive payment in preference to other unsecured creditors |
| 10 | Use for proceeds | General capital expenditures and repayment of borrowings and bonds of the Company |
| 11 | Listing | Singapore Exchange Securities Trading Limited (SGX-ST) |
This announcement has been prepared for the sole purpose of publicly announcing the Company's issuance of securities, and not for the purpose of soliciting investment or engaging in any other similar activities within or outside Japan. This press release does not constitute or form a part of any offer of securities for sale in the United States or elsewhere. The securities referred to above have not been and will not be registered under the U.S.
Securities Act of 1933 (the "Securities Act") or any relevant securities law of any state, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S under the Securities Act) absent registration or an applicable exemption from the registration requirements under the Securities Act. No public offering of the securities will be made in the United States.