Japan Post Insurance Co., Ltd.
Issuance of Subordinated Bonds with Dollar-denominated, Negative-pledge Feature
To strengthen financial base, issuance of USD 1,000,000,000 subordinated bonds with negative pledge feature. Maturity date is September 16, 2056, with potential for early redemption. Listing is on the Singapore Exchange; applications from Japan are not accepted. Issuance is centered in overseas markets.
Key Figures
- Total issuance amount: 10億米ドル（不明な場合は「不明」）
- Redemption date: 2056年9月16日（繰上償還の可能性あり）
- Interest rate: 2036年9月16日まで年6.50％、それ以降ステップアップ・リセット
AI要約
Section Heading
This release communicates the decision to issue dollar-denominated subordinated bonds with a negative pledge feature, aimed at strengthening the company's financial base. The issuer is Kanpo Life Insurance Co., Ltd., with overseas market-dominated fundraising and no applications accepted in Japan. The issuance is sized at USD 1 billion, to be listed on the Singapore Exchange, with a maturity date of September 16, 2056. The initial rate is 6.50%, and thereafter it will follow a step-up structure reset every five years.
Section 2 Heading
This matter is positioned as part of a capital policy, with proceeds to be used for purposes not disclosed. Important considerations regarding fundraising and selling restrictions include conditions for overseas market offerings, sales limitations for qualified institutional buyers, and the prohibition of applications by domestic Japanese investors.
Japan Post Insurance Co., Ltd.
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