March 3, 2004
The Tokyo Electric Power Company (the "Company") hereby notifies all interested
parties that the Company has decided to issue its 4th Euro-denominated straight
corporate bond, and started inviting subscriptions today.
The terms of the issue
1.Type of bond Euro-denominated straight corporate bond
2.Total amount of the issue 1 billion Euro (134.27 billion equivalent in Yen)
3.Interest rate 4.5% of par value per annum
4.Issue price 99.763% of par value
5.Maturity period 10-year period (bullet maturity)
6.Date of issue March 24, 2004
7.Listed bond market London Stock Exchange
8.Mortgage General mortgage
9.Managing underwriter BNP PARIBAS
Citigroup Global Markets Limited
Daiwa Securities SMBC Europe Limited
Mizuho International plc
WestLB
and others
Please be notified the above mentioned will be the 4th issue by the Company of
a Euro-denominated straight corporate bond and will be the first one in two
years since the issuance of the 1 billion Euro (113.51 billion Yen) with 5-year
maturity on March 27, 2002.
Please note that the above purports to be an accurate and complete translation
of the original Japanese version prepared for the convenience of our English-speaking
audience. However, in the case of any discrepancy between the translation and
the Japanese original, the latter shall prevail.
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