Japan's Nippon Life mulls sale of 30-year bonds, taps bookrunners

By Andrea Heisinger

New York, Oct. 4 - Nippon Life Insurance Co. is looking to sell an offering of 30-year tier 2 bonds, a market source said on Thursday.

The bonds would be sold under Rule 144A and Regulation S and be non-callable for 10 years.

Citigroup Global Markets Inc. and J.P. Morgan Securities LLC have been tapped as bookrunners.

The life insurance company is based in Chuo-ku, Osaka.

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