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Press Release
TEPCO Renewable Power, Inc.’s 5th Green Bond (10-year bonds/¥20 billion) Issuance
February 22, 2024
TEPCO Renewable Power, Inc.
TEPCO Renewable Power, Inc. will issue the “TEPCO Renewable Power, Inc. 5th Green Bonds (10-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 | ¥20 billion |
|---|---|
| (2) Bond Amount | ¥100 million |
| (3) Interest Rate | 1.431% per annum |
| (4) Issue Price | ¥100 per ¥100 of the face value of each bond |
| (5) Yield Rate | 1. 431% per annum |
| (6) Payment Date (Issue Date) | February 29, 2024 |
| (7) Interest Payment Dates | February 28 and August 28 of each year |
| (8) Redemption Date | February 28, 2034 (10-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 | Nomura Securities Co., Ltd. SMBC Nikko Securities Inc. Mizuho Securities Co., Ltd. Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Daiwa Securities Co., Ltd. Shinkin Securities Co., Ltd. |
(Note) 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.
