Tepco aims to sell $880 million bonds

Tokyo Electric Power Co (Tepco) plans to complete a sale of bonds by the end of March in its first debt offering since the 2011 Fukushima nuclear disaster, three sources close to the matter told Reuters and DealWatch on Wednesday.
Tepco is aiming to sell about 100 billion yen ($880 million) of bonds in the offering, two of the sources said. A bond of that size is typically considered to be a benchmark.
The sale, if successful, will mark the return of the company to Japan's corporate bond market, which it dominated before the 2011 earthquake and tsunami triggered the world's worst nuclear crisis since Chernobyl in 1986, bringing Tepco to its knees. The utility, once Asia's largest, was essentially nationalised after Fukushima. It has struggled to contain radiation at the site and compensate victims of the disaster while preparing to decommission the crippled power station.