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Tepco Mulls First Public Bond Sale in Japan Since Fukushima

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Tokyo Electric Power Co. is considering returning to Japan’s bond market next September in the first public offering since the disaster at its Fukushima Dai-Ichi nuclear power facility in 2011.

Tepco, as the utility is known, plans to raise a total of 330 billion yen ($2.8 billion) in the fiscal year starting April 2016, the Nikkei newspaper reported Monday. The company has hired five sales managers including SMBC Nikko Securities Inc., according to the report. Tepco spokesman Tatsuhiro Yamagishi said the utility is considering bond sales from September but couldn’t confirm other details when reached by phone.