Notice Regarding its Decision of Terms and Conditions of Publicly Offered Hybrid Corporate Bonds (Subordinated Corporate Bonds)2022/12/09

 

JERA Co., Inc. (“JERA”) today announces that it has determined the terms and conditions for the issuance of its Publicly Offered Hybrid Corporate Bonds (Subordinated Corporate Bonds) (hereinafter, ”the Bonds”) as below.

 

  1.  

 Name of the   Bonds

JERA Co., Inc. unsecured corporate bonds with interest deferrable clause and early redeemable option (subordinated corporate bonds)

#1

#2

#3
  1.  

 Total Amount of   Issue

65.3billion yen

9.2billion yen

22.0billion yen
  1.  

 Coupon Rate

2.144% per annum*1

2.209% per annum*2

2.549% per annum*3
  1.  

 Closing Date

December 15, 2022
  1.  

 Maturity Date

December 25, 2057

December 25, 2059

December 25, 2062
  1.  

 Early Redemption

JERA may, at its discretion, redeem the Bonds on any interest payment date on or after December 25, 2027

JERA may, at its discretion, redeem the Bonds on any interest payment date on or after December 25, 2029

JERA may, at its discretion, redeem the Bonds on any interest payment date on or after December 25, 2032
  1.  

 Interest   Payment   Dates

June 25 and December 25 of each year
  1.  

 Deferral of   Interest Payment

JERA may, as its discretion, defer all or part of interest on the Bonds.
  1.  

 Subordination

The Bonds are subordinate to all senior indebtedness of JERA and senior to common stock of JERA.
  1.  

 Rating

A- (Rating and Investment Information, Inc.）

A  (Japan Credit Rating Agency, Ltd.）
  1.  

 Equity Credit

50% (Rating and Investment Information, Inc., Japan Credit Rating Agency, Ltd. and S&P Global Ratings Japan Inc.)
  1.  

 Offering Format

Public offering in Japan
 
  1.  

 Joint–lead   Underwriters

Mizuho Securities Co., Ltd.

Nomura Securities Co., Ltd.

Daiwa Securities Co. Ltd.

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

Tokai Tokyo Securities Co., Ltd.
  1.  

Book-Entry　Transfer Institution

Japan Securities Depository Center, Inc.
  1.  

 Bond   Administrator

Sumitomo Mitsui Banking Corporation

*1  Fixed interest rate shall apply from the day immediately following December 15, 2022 until December 25, 2027, and variable interest rate shall apply from the day immediately following December 25, 2027. (The interest rate will increase on the day immediately following December 25, 2032 and the day immediately following December 15, 2047.)

*2  Fixed interest rate shall apply from the day immediately following December 15, 2022 until December 25, 2029, and variable interest rate shall apply from the day immediately following December 25, 2029. (The interest rate will increase on the day immediately following December 25, 2032 and the day immediately following December 15, 2049.)

*3 Fixed interest rate shall apply from the day immediately following December 15, 2022 until December 25, 2032, and variable interest rate shall apply from the day immediately following December 25, 2032. (The interest rate will increase on the day immediately following December 25, 2032 and the day immediately following December 25, 2052.)

 

 

Note: This press release does not constitute an offer of any securities for sale. This press release has been prepared for the purpose of publicly announcing the issuance of the Bonds and not for the purpose of soliciting investment or engaging in any other similar activities.