IFLR1000

Nippon Life Insurance $1.5 billion 4.7% notes issue

20/1/2016
Investment grade bond/note issue
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$ 1.5 billion

Completed

20/1/2016

Overview:

  • Nippon Life Insurance has issued $1.5 billion in step up callable subordinated notes.
  • The issue consisted of 4.7% notes due in 2046 issued on the Singapore Stock Exchange.
  • The notes were issued under Rule 144A/Reg S.
  • Citigroup, Goldman Sachs and Morgan Stanley acted as initial purchasers.
  • Nippon is Japan's largest private life insurer.

Sam Duke - Editor

Jurisdictions:

United States
Japan
Singapore

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing law:

New York

Industry sector:

Insurance

Firms:
Davis Polk & Wardwell

Party: Nippon Life Insurance (Issuer)

Lawyer: Jon Gray

Mori Hamada & Matsumoto

Party: Nippon Life Insurance (Issuer)

Lawyers: Masanori Sato, Toshifumi Ueda, Yasuhiko Fujitsu

Morrison & Foerster

Party: Citigroup Global Markets Ltd (Initial purchaser)

Party: Goldman Sachs (Initial purchaser)

Party: Morgan Stanley (Initial purchaser)

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