An announcement from Hokkaido Electric Power Company,Incorporated ( (JP:9509) ) is now available.

Hokkaido Electric Power Company will issue its first publicly offered hybrid subordinated corporate bonds to refinance an existing 80 billion yen hybrid loan raised in 2019, which reaches its first optional prepayment date in August 2026. The new securities are designed to maintain the company’s financial stability by replacing like-for-like hybrid capital without diluting shareholders.

The hybrid bonds blend characteristics of equity and debt, featuring an interest deferral option, long-dated maturity of more than 37 years, and subordination in liquidation, and are expected to receive 50% equity credit from major Japanese rating agencies. Hokkaido Electric has appointed several major securities houses as joint lead managers and will finalize pricing and terms in late July 2026, with the structure supporting both balance sheet strength and continued access to capital markets for long-term funding needs.

The most recent analyst rating on (JP:9509) stock is a Buy
with a Yen2400.00 price target.
To see the full list of analyst forecasts on Hokkaido Electric Power Company,Incorporated stock,
see the JP:9509 Stock Forecast page.