Mitsui Sumitomo to redeem ¥50 billion domestic subordinated bonds

By Mary-Katherine Stinson

Lexington, Ky., Sept. 29 – MS&AD Insurance Group Holdings, Inc.’s consolidated subsidiary, Mitsui Sumitomo Insurance Co., Ltd., plans to redeem early its ¥50 billion domestic subordinated unsecured bonds on Dec. 12, according to a company announcement.

This is Mitsui’s third series of domestic subordinated unsecured bonds with interest deferrable option and early redeemable option. The bonds were issued on Dec. 12, 2017.

The banking and financial company is based in Tokyo.

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