Hokkaido Electric Power Company, Incorporated
Notice Regarding the Determination of Terms for the Euro-Yen Convertible Bond-Type Bond with Stock Acquisition Rights Due 2031
Issuance of Euro-Yen convertible bond-type bonds with stock acquisition rights due 2031 totaling 40 billion yen. Conversion price is 1,353.0 yen, potential stock dilution rate is 14.40%, issue date is 2026-03-02.
Key Figures
- Total Bond Amount: 40 billion yen (Convertible bond-type bonds with stock acquisition rights)
- Conversion Price: 1,353.0 yen
- Dilution Rate Due to Potential Shares: 14.40%
AI要約
Overview of Capital Policy
Hokkaido Electric Power Company, Incorporated resolved at the Board of Directors meeting on 2026-02-12 to issue Euro-Yen convertible bond-type bonds with stock acquisition rights due 2031 totaling 40 billion yen. The conversion price is set at 1,353.0 yen, with an issue date of 2026-03-02. The exercise period for the stock acquisition rights is from 2026-03-16 to 2031-02-17, and the maturity date is 2031-03-03. The issuance terms were set at an approximately 23.96% upside relative to the closing stock price of 1,091.5 yen.
Impact on Shareholders and Future Outlook
As a result of this issuance, the dilution rate due to potential shares is expected to be 14.40%. The exercise of stock acquisition rights may increase the number of shares outstanding, potentially affecting shareholders’ ownership ratios. It should also be noted that this bond will not be offered or sold domestically or internationally, and there will be no offering or sales in the United States. Close attention should be paid to future capital policies and market trends.
