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TEPCO Renewable Power, Inc.'s 1st Green Bond (3-year bonds/¥30 billion) Issuance

September 3, 2021

TEPCO Renewable Power, Inc.

TEPCO Renewable Power, Inc. will issue the TEPCO Group's first Green Bonds in the form of "TEPCO Renewable Power, Inc. 1st Green Bonds (3-year bonds)."

(Announced on August 18, 2021)

The issuance conditions have been fixed and shall be as noted below.

TEPCO Renewable Power, Inc. will promote the domestic and overseas use of renewable energies and contribute to the creation of a carbon neutral society and the development of regional industry by harnessing natural resources to the best of our ability to provide a stable supply of electricity at low cost.

(1) Total Issued ¥30 billion
(2) Bond Amount ¥100 million
(3) Interest Rate 0.18% per annum
(4) Issue Price ¥100 per ¥100 of the face value of each bond
(5) Yield Rate 0.18% per annum
(6) Payment Date (Issue Date) September 9, 2021
(7) Interest Payment Dates March 9 and September 9 of each year
(8) Redemption Date September 9, 2024 (3-year bonds: Full redemption upon maturity)
(9) Type of Collateral Unsecured
(10) Usage of Proceeds To refinance existing investment and newly invest in projects related to the development, construction, operation and repair/improvement of renewable energies (hydro, wind, solar, geothermal)
(11) Lead Managers SMBC Nikko Securities Inc.
Mizuho Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Nomura Securities Co., Ltd.
Daiwa Securities Co., Ltd.
Shinkin Securities Co., Ltd.

*This press release has been written for the expressed purpose of announcing TEPCO's decision to issue corporate bonds to the general public and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product.

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