MS&AD Insurance Group Holdings, Inc.
Regarding the Early Redemption of Domestic Subordinated Unsecured Bonds
Resolved to early redeem domestic subordinated unsecured bonds with deferred interest payment and early redemption provisions. The 2nd series amounts to 30,000 million yen and the 3rd series amounts to 50,000 million yen; redemption dates are December 26, 2026 and January 31, 2027, respectively. Redemption will be executed at 100 yen per 100 yen principal.
Key Figures
- Total amount of early redemption: 30,000 million yen (2nd series)
- Total amount of early redemption: 50,000 million yen (3rd series)
- Early redemption dates: December 26, 2026; January 31, 2027
AI要約
Overview
At the board of directors meeting held today, it was resolved to fully early redeem the 2nd series (issued December 26, 2016) and the 3rd series (issued January 31, 2017) deferred interest payment and early redemption provision unsecured bonds (with subordinated clause). The redemption totals are 30,000 million yen and 50,000 million yen, with redemption dates of December 26, 2026 and January 31, 2027, respectively. The redemption amount is specified as 100 yen per 100 yen principal.
Impact on Investors
While early redemption will accelerate the repayments of liabilities, it will require cash outflow. Specific uses of funds and detailed financial impact are not stated in this disclosure. Because these bonds include deferred interest payment provisions, investors should closely monitor impacts on cash flow and capital structure.
MS&AD Insurance Group Holdings, Inc.
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