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Published on 8/1/2023 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Fukoku to redeem $500 million 6.5% perpetual subordinated bonds

By Devika Patel

Knoxville, Tenn., Aug. 1 – Fukoku Mutual Life Insurance Co. plans to redeem all of its $500 million 6.5% step-up callable perpetual subordinated bonds (ISIN: XS0968554609) on Sept. 19 at par plus interest accrued to but excluding the redemption date.

Based in Tokyo, Fukoku offers life insurance products and services.


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