Nippon Life Insurance $1.32 billion subordinated notes offering
We advised Nippon Life on its offering of step-up callable subordinated notes
麻豆入口 advised Nippon Life Insurance Company on a Rule 144A / Regulation S offering of $1.32 billion aggregate principal amount of 5.950% step-up callable subordinated notes due 2054.
Nippon Life is the largest private life insurance company in Japan in terms of both assets and revenues and holds the largest market share by premium income among private insurers in the Japanese life insurance market, the world鈥檚 fourth-largest life insurance market by premium volume.
The 麻豆入口 corporate team included partner Christopher Kodama and associates Haruka Moriya and Akiko Okamoto. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Associates Caroline R. Zhang and Saloni Pant provided 1940 Act advice. Counsel Charles Shi provided ERISA advice. Members of the 麻豆入口 team are based in the Tokyo, London and New York offices.