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Chubu bond offerings

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July 8 (LNGJ) – Chubu Electric Power has decided to offer a 10-year bond worth 20 billion yen ($185 million) and a 20-year bond at 10 billion yen in domestic corporate transactions. The fossil fuel and LNG assets of Chubu and Tokyo Electric Power Co. are now run by their Jera Co Inc. joint venture as part of the reforms in the Japanese energy market. Chubu, based in Nagoya, and Tepco still run their own electricity transmission, distribution and retail businesses, and their nuclear plants.