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Prospect News home > News index > List of issuers N > Headlines for Nippon Life Insurance Co. > News item
Published on 9/12/2022 in the Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Nippon Life Insurance calls 5% step-up subordinated notes due 2042

By Mary-Katherine Stinson

Lexington, Ky., Sept. 12 – Nippon Life Insurance Co. will redeem early its $2 billion 5% step-up callable subordinated notes due 2042 (ISIN: USJ54675AA13, US654579AA94), according to multiple notices.

The redemption will be at par plus accrued interest from April 18 to the redemption date of Oct. 18.

Bank of New York Mellon is the trustee.

Nippon Life Insurance is a Japanese life insurance company based in Osaka.


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