TEPCO Renewable Power, Inc.’s 4th Green Bond (7-year bonds/¥30 billion) Issuance
September 1, 2023
TEPCO Renewable Power, Inc.
TEPCO Renewable Power, Inc. will issue the "TEPCO Renewable Power, Inc. 4th Green Bonds (7-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||1.20% per annum|
|(4) Issue Price||¥100 per ¥100 of the face value of each bond|
|(5) Yield Rate||1.20% per annum|
|(6) Payment Date (Issue Date)||September 7, 2023|
|(7) Interest Payment Dates||March 7 and September 7 of each year|
|(8) Redemption Date||September 6, 2030
(7-year bond: 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||Daiwa Securities Co., Ltd.
SMBC Nikko Securities Inc.
Mizuho Securities Co., Ltd.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
Nomura Securities Co., Ltd.
Shinkin Securities Co., Ltd.
(Note) This press release is only intended to announce the issuance of corporate bonds by TEPCO Renewable Power, Inc. and has not been written for the purpose of enticing investment.