Hokkaido Electric Power Company, Incorporated
Notice Regarding the Purchase of Hokkaido Electric Power Company, Inc. (Code Number 9509) 2031 Maturity Euro Yen Convertible Bonds with Warrants by Mizuho Securities Co., Ltd. and Its Affiliates
On February 12, 2026, Mizuho Securities and MHI announced the possibility of purchasing up to 8.27% of voting rights equivalent in Hokkaido Electric Power's 2031 maturity Euro Yen convertible bonds with warrants.
Key Figures
- Purchasable Voting Rights Ratio: 8.27% (as of the end of September 2025)
- Purchase Decision Date: 2026-02-12
- Convertible Bond Scheduled Issuance Date: 2026-03-02
AI要約
Outline of the Purchase
Mizuho Securities Co., Ltd. and its subsidiary Mizuho International plc (MHI) may acquire the 2031 maturity Euro Yen convertible bonds with warrants (CB) to be issued by Hokkaido Electric Power Company, Inc. on March 2, 2026, and subsequently transfer them to an overseas special purpose company (SPC). The purpose of the purchase is investment in the credit portion of the CB and provision of investment opportunities; it is clearly stated that there will be no exercise of the warrants to obtain common stock nor will there be any exercise of voting rights.
Impact on Shareholders and Legal Compliance
The CB to be acquired by MHI and Mizuho Securities may correspond to up to 8.27% of the total voting rights of Hokkaido Electric Power's shareholders and others. Therefore, this purchase may be considered a buy-up act as defined in Article 31 of the Order for Enforcement of the Financial Instruments and Exchange Act and has been disclosed in accordance with Article 30, Paragraph 1, Item 4 of the Order. However, the specific number of shares or amount to be acquired is currently undecided, and Hokkaido Electric Power itself is not involved in this transaction.
