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70 bln yen bond in sale of first bond issue of Tepco since Fukushima

 

 


TOKYO
Petroleumworld.com 02 16 2017

Tokyo Electric Power Co's unit, Tepco Power Grid Inc, submitted plans on Wednesday with the Kanto Local Finance Bureau to sell a total 70 billion yen ($612 million) of bonds, its first sale since the 2011 Fukushima nuclear disaster.

The company plans to sell a 30 billion yen three-year bond and a 40 billion yen five-year bond. The sale will be managed by SMBC Nikko Securities, Nomura Securities, Mitsubishi UFJ Morgan Stanley Securities, Mizuho Securities, Daiwa Securities and Shinkin Securities. ($1 = 114.3600 yen)




Story reporting by Naoyuki Katayama and Osamu Tsukimori; Writing by Aaron Sheldrick; Editing by Richard Pullin from Reuters.

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