Chugoku Electric tenders for ¥50 billion of 0% convertibles due 2018

By Susanna Moon

Chicago, Nov. 21 – Chugoku Electric Power Co. Inc. said it tendering for its ¥50 billion zero-coupon convertible bonds due 2018.

The offer price is par for each ¥10 million of bonds, with the subscription period ending on Dec. 8, according to a company announcement.

The purchase date has been set for Dec. 15.

Nomura International plc is the dealer manager.

Chugoku is the exclusive provider of power to the Chugoku region of Japan.

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