TOKYO Dec 27 Tokyo Electric Power
(Tepco) is gauging demand for its first bond offering since the
2011 Fukushima nuclear calamity, with some market participants
expecting a sale as early as February, sources familiar the
While the size of the sale has not been decided, potential
maturities being discussed are three-, five- and ten-years,
bankers and investors told Thomson Reuters DealWatch, asking not
to be identified because the information is private.
The company is likely to have to pay investors a premium of
1 percentage point above Japanese government bonds, about three
times more yield pick up than on other electric utility bonds,
The company was in discussions last year with investors to
sell as much as 330 billion yen of bonds.
A Tepco spokesman said the company still plans to issue
bonds by the end of March but declined to comment on specific
target dates or sizes.
(Reporting by Issei Hazama; Additional reporting by Naoyuki
Katayama, Yasunori Fukui, Kentaro Hamada and Osamu Tsukimori;
Writing by Aaron Sheldrick; Editing by Sam Holmes)