Hokkaido Electric Power will issue 40 billion yen in euro yen-denominated convertible bonds with stock acquisition rights due 2031, primarily to be allocated to gas business entry and next-generation energy 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Incorporated","jir_importance":"\u2605\u2605\u2605\u2605\u2606","jir_publication_date":"2026-02-12","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/9509-20260212-01.pdf","jir_short_summary":"Hokkaido Electric Power will issue 40 billion yen in euro yen-denominated convertible bonds with stock acquisition rights due 2031, primarily to be allocated to gas business entry and next-generation energy investments.","jir_summary":"### Overview of the Issuance of Convertible Bonds with Stock Acquisition Rights\nHokkaido Electric Power Company, Incorporated has resolved to issue euro yen-denominated convertible bonds with stock acquisition rights due 2031 totaling 40 billion yen. The issue price is 102.5% of face value, and no interest will be paid. The offering targets overseas markets in Europe and Asia (excluding the United States) and will be listed on the Singapore Exchange. The conversion price will be determined at issuance, and conversion into shares will increase capital stock and capital surplus.\n\n### Use of Proceeds and Business Strategy\nThe procured funds of approximately 40 billion yen will be allocated mainly to two businesses by March 2028. About 31 billion yen will be invested in the gas manufacturing, sales, and pipeline business in Hokkaido, which is planned to be transferred from Japan Petroleum Exploration Co., Ltd. (JAPEX), aiming for full-scale entry into the gas business. The remaining approximately 9 billion yen will be allocated to investments toward carbon neutrality through next-generation energy such as hydrogen, ammonia, e-methane, and CCUS. These initiatives will contribute to decarbonization and economic development in Hokkaido, strengthening the growth foundation of the Hokuden Group.","jir_financial_highlights":"Convertible Bonds with Stock Acquisition Rights Issuance Amount: 40 billion yen (New Issuance)\nUse of Proceeds (Full-scale Entry into Gas Business): Approx. 31 billion yen (New Investment)\nUse of Proceeds (Carbon Neutralization via Next-Generation Energy): Approx. 9 billion yen (New Investment)","jir_category":"","jir_hashtags":"#HokkaidoElectricPower, #CapitalPolicy, #ConvertibleBonds, #JapaneseStocks","jir_key_figures":"Convertible Bonds with Stock Acquisition Rights Issuance Amount: 40 billion yen\nInvestment for Full-scale Entry into Gas Business: Approx. 31 billion yen\nNext-Generation Energy Investment Amount: Approx. 9 billion yen","jir_meta_title":"Hokkaido Electric Power to Issue 40 Billion Yen Convertible Bonds Due 2031 to Invest in Gas Business and Next-Generation Energy","jir_meta_description":"Hokkaido Electric Power Company, Incorporated will issue 40 billion yen in euro yen-denominated convertible bonds with stock acquisition rights due 2031, allocating funds for entry into the gas business and investments in next-generation energy aimed at carbon neutrality.","jir_og_title":"Hokkaido Electric Power Announces 40 Billion Yen Convertible Bonds Due 2031 Issuance","jir_og_description":"Hokkaido Electric Power issues convertible bonds due 2031 to accelerate investments in gas business and next-generation energy.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":8896,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"capital_policy","footnotes":""},"sector":[],"importance":[],"class_list":["post-28576","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n