MS&AD Insurance Group Holdings, Inc.
Issuance of Euro-denominated Unsecured Straight Bonds by Mitsui Sumitomo Insurance
Mitsui Sumitomo Insurance Co., Ltd. will issue Euro-denominated unsecured straight bonds totaling EUR 1.4 billion (EUR 600 million 4-year bonds and EUR 800 million 8-year bonds), with the proceeds to be used for general corporate purposes.
Key Figures
- Total Issuance Amount: EUR 1.4 billion (EUR 600 million 4-year bonds, EUR 800 million 8-year bonds)
- Interest Rate: 2.897% p.a. (4-year bonds), 3.460% p.a. (8-year bonds)
- Maturity Date: March 5, 2030 (4-year bonds), March 5, 2034 (8-year bonds)
AI要約
Overview of Capital Policy
Mitsui Sumitomo Insurance Co., Ltd., a subsidiary of MS&AD Insurance Group Holdings, Inc., has decided to issue Euro-denominated unsecured straight bonds. The total issuance amount is EUR 1.4 billion, divided into two types: EUR 600 million 4-year bonds and EUR 800 million 8-year bonds. The interest rates are 2.897% p.a. and 3.460% p.a., respectively, with maturity dates of March 5, 2030, and March 5, 2034. The bonds will be issued at 100% of the face value and are scheduled to be listed on the Singapore Exchange. The credit rating assigned is A+. The proceeds will be used for general corporate purposes.
Impact on Shareholders and Investors
The funds procured through this bond issuance will be allocated to general corporate purposes and are expected to contribute to stabilizing business operations. The issuance will primarily target overseas markets, excluding the United States. There will be no dilution of shares resulting from this issuance, and given the high credit rating, the credit risk for investors is considered limited. Furthermore, this offering will not be registered under U.S. securities laws and will not be publicly offered in the U.S.
