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Other Disclosures8616Tokai Tokyo Financial Holdings,Inc.Financials (excluding banks)

Tokai Tokyo Securities Announces Underwriting of “The Chugoku Electric Power Company,Incorporated 469th Unsecured Bond (with a special covenant limiting pari passu ranking to other bonds) (Transition Bond)”

Tokai Tokyo Securities acted as joint lead manager for the transition bond, which will raise funds for investments related to The Chugoku Electric Power Company,Incorporated’s renewable energy and power network initiatives. The bonds are scheduled to be issued on 27 May 2026.

Worth reading
62In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
150
¥100 million
Wording
Definitive
How definitive the wording is.

Announced details

The Chugoku Electric Power Company,Incorporated 469th Unsecured Bond (with a special covenant limiting pari passu ranking to other bonds) (Transition Bond)
Applicable field (uses covered by this announcement)

Development, construction, operation and refurbishment of solar and hydropower renewable energy projects, and the strengthening and upgrading of power networks that contribute to the wider adoption of renewable energy

Launch date27 May 2026 (scheduled payment and issue date)
Relationship between the counterparty and the company
Tokai Tokyo Financial Holdings,Inc.8616
Relationship with the Company

Tokai Tokyo Securities Co., Ltd. acted as joint lead manager for these bonds. Tokai Tokyo Securities is a subsidiary of Tokai Tokyo Financial Holdings, Inc.

CounterpartyThe Chugoku Electric Power Company,Incorporated
Awarding / certifying body

Japan Credit Rating Agency, Ltd. (JCR)

Offering price

¥100 per ¥100 of face value

The company does not address Contract Value / Impact on Business Performance.

Announced details
ItemDetails
Names of Products / Services CoveredThe Chugoku Electric Power Company,Incorporated 469th Unsecured Bond (with a special covenant limiting pari passu ranking to other bonds) (Transition Bond)
CounterpartyThe Chugoku Electric Power Company,Incorporated
Relationship with the CompanyTokai Tokyo Securities Co., Ltd. acted as joint lead manager for these bonds. Tokai Tokyo Securities is a subsidiary of Tokai Tokyo Financial Holdings, Inc.
Offering price¥100 per ¥100 of face value
Launch date27 May 2026 (scheduled payment and issue date)
Applicable areaDevelopment, construction, operation and refurbishment of solar and hydropower renewable energy projects, and the strengthening and upgrading of power networks that contribute to the wider adoption of renewable energy
Awarding / certifying bodyJapan Credit Rating Agency, Ltd. (JCR)
Items this document does not state (11)
Counterparty overviewContract ValueContract DateAward/certification nameRegistration number and expiry dateLocationLocation scaleQuantitative EffectsUsage historyImpact on Business PerformanceSource

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

To allocate the proceeds to new investments and refinancing related to the development, construction, operation and refurbishment of solar and hydropower renewable energy projects, as well as the strengthening and upgrading of power networks that contribute to the wider adoption of renewable energy.

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Tokai Tokyo Securities Announces Underwriting of “The Chugoku Electric Power Company,Incorporated 469th Unsecured Bond (with a special covenant limiting pari passu ranking to other bonds) (Transition Bond)” | Tokai Tokyo Financial Holdings,Inc. (8616) timely disclosure | Komori