Hokkaido Electric Power Company, Incorporated
Long-Term Hybrid Bond Issuance Terms Decided | July 2026
Hokkaido Electric Power will issue ¥80 billion hybrid bonds on July 29, 2026, with a redemption date of July 25, 2063. The initial interest rate is 3.393%, switching to a variable rate after 2033.
Key Figures
- Total Bonds: ¥80 billion
- Initial Interest Rate: 3.393％
- Redemption Date: July 25, 2063
AI要約
Overview of Capital Policy
Hokkaido Electric Power plans to issue ¥80 billion hybrid bonds on July 29, 2026. These are unsecured bonds with subordinate clauses, with an initial interest rate of 3.393% and a redemption date of July 25, 2063. The rate will switch to a variable interest rate after July 2033, and early redemption is possible. The issuance will be conducted publicly in Japan via SBMC Nikko Securities, Mizuho Securities, and other underwriters. The specific use of funds and detailed purpose are not disclosed.
Impact on Investors and Future Outlook
This bond issuance is part of Hokkaido Electric Power's capital procurement efforts aimed at enhancing financial stability and liquidity. The terms suggest long-term financing intentions. The issuance also includes optional interest payment suspension and early redemption at the issuer’s discretion, ensuring financial strategy flexibility. The company's credit ratings are A- and A, reflecting a solid capital position and creditworthiness for investors.
Hokkaido Electric Power Company, Inc.
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