By Sarah Lizee
Olympia, Wash., Sept. 17 – Kansai Electric Power Co. Inc. sold $500 million of 2.55% bonds due 2024 (A3), according to a notice.
The lead managers and bookrunners were Morgan Stanley & Co. International plc, Nomura International plc, Mizuho Securities Asia Ltd. and Citigroup Global Markets Ltd.
Listing for the Regulation S notes is expected for Sept. 18.
The electric utility is based in Osaka, Japan.
| Issuer: | Kansai Electric Power Co. Inc.
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| Issue: | Bonds
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| Amount: | $500 million
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| Maturity: | 2024
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| Bookrunners: | Morgan Stanley & Co. International plc, Nomura International plc, Mizuho Securities Asia Ltd. and Citigroup Global Markets Ltd.
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| Coupon: | 2.55%
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| Announcement date: | Sept. 17
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| Listing date: | Sept. 18
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| Distribution: | Regulation S
|
| Rating: | Moody’s: A3
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