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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 6/18/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Dai-ichi to redeem $1.3 billion of 7¼% step-up perpetual subordinated notes

By Rebecca Melvin

Concord, N.H., June 18 – Dai-ichi Life Insurance Co. Ltd. issued a notice of redemption for all of its 7¼% step-up callable perpetual subordinated notes (ISINs: US23380YAB39, USJ09748AB01), according to a company notice.

The company will redeem $1.3 billion outstanding principal amount of notes on July 25 at par plus accrued interest of $36.25 per $1,000 principal amount.

Bank of New York Mellon is paying agent.

The insurance services company is based in Tokyo.


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