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TEPCO Renewable Power, Inc.’s 3rd Green Bond (5-year bonds/¥30 billion) Issuance
September 8, 2022
TEPCO Renewable Power, Inc.
TEPCO Renewable Power, Inc. will issue the “TEPCO Renewable Power, Inc. 3rd Green Bonds (5-year bonds)”. 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 | 0.85% per annum |
| (4) Issue Price | ¥100 per ¥100 of the face value of each bond |
| (5) Yield Rate | 0.85% per annum |
| (6) Payment Date (Issue Date) | September 14, 2022 |
| (7) Interest Payment Dates | March 14 and September 14 of each year |
| (8) Redemption Date | September 14, 2027 (5-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 | Mizuho Securities Co., Ltd. Daiwa Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Nomura 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.
