Announced details
New investments and refinancing in the nuclear power, zero-carbon thermal power, and transmission and distribution sectors
Tokai Tokyo Securities Co., Ltd. will serve as joint lead manager for these bonds. Tokai Tokyo Securities is a subsidiary of Tokai Tokyo Financial Holdings,Inc.
Power company. The location, representative, capital and year of establishment stated in the text are Not disclosed.
Japan Credit Rating Agency, Ltd. (JCR) provided a third-party opinion on conformity with the various standards relating to transition finance, among others.
5-year bonds, issue amount of ¥21.7 billion
¥21.7 billion (issue amount)
¥100 per ¥100 of face value
The company does not address Impact on Business Performance.
Third-party opinion of Japan Credit Rating Agency, Ltd. (JCR)
5 years
2.831％
9 October 2026 (Friday)
SMBC Nikko Securities (administrative), Nomura Securities, Daiwa Securities, Shinkin Securities, Tokai Tokyo Securities
| Item | Details |
|---|---|
| Names of Products / Services Covered | The Kansai Electric Power Company,Incorporated's 587th Series Unsecured Bonds (with a special pari passu covenant limited to specified bonds) (Transition Bond) |
| Counterparty | The Kansai Electric Power Company,Incorporated |
| Counterparty overview | Power company. The location, representative, capital and year of establishment stated in the text are Not disclosed. |
| Relationship with the Company | Tokai Tokyo Securities Co., Ltd. will serve as joint lead manager for these bonds. Tokai Tokyo Securities is a subsidiary of Tokai Tokyo Financial Holdings,Inc. |
| Contract Value | ¥21.7 billion (issue amount) |
| Offering price | ¥100 per ¥100 of face value |
| Launch date | 20 October 2026 (Tuesday), scheduled payment and issue date |
| Applicable area | New investments and refinancing in the nuclear power, zero-carbon thermal power, and transmission and distribution sectors |
| Awarding / certifying body | Japan Credit Rating Agency, Ltd. (JCR) provided a third-party opinion on conformity with the various standards relating to transition finance, among others. |
| Location scale | 5-year bonds, issue amount of ¥21.7 billion |
| Source | Third-party opinion of Japan Credit Rating Agency, Ltd. (JCR) |
| Maturity | 5 years |
| Interest rate | 2.831％ |
| Terms Determination Date | 9 October 2026 (Friday) |
| Lead underwriter | SMBC Nikko Securities (administrative), Nomura Securities, Daiwa Securities, Shinkin Securities, Tokai Tokyo Securities |
Items this document does not state (7)
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.The proceeds will be used to finance new investments and refinancing in the nuclear power, zero-carbon thermal power, and transmission and distribution sectors, based on the Kansai Electric Power Group's Zero-Carbon Roadmap. Tokai Tokyo Securities explains that, through the underwriting, it will contribute to promoting ESG investment and resolving social and environmental issues.