Debt - Listing Confirmation::US$1,600,000,000 2.75% Step-up Callable Subordinated Notes due 2051

Issuer & Securities

Issuer/ Manager
NIPPON LIFE INSURANCE COMPANY
Securities
NIPPONLIFEUS$1.6B2.75%N510121A - US654579AH48 - LHRB
NIPPONLIFEUS$1.6B2.75%N510121R - USJ54675BA04 - RJVB

Announcement Details

Announcement Title
Debt - Listing Confirmation
Date &Time of Broadcast
21-Jan-2021 13:31:04
Status
New
Announcement Sub Title
US$1,600,000,000 2.75% Step-up Callable Subordinated Notes due 2051
Announcement Reference
SG210121OTHRZ94L
Submitted By (Co./ Ind. Name)
Securities Market Control
Designation
SGX-ST
Effective Date and Time of the event
22/01/2021 09:00:00
Description (Please provide a detailed description of the event in the box below)
1. The Notes will be listed and quoted in the Bonds Market with effect from 9.00 a.m., Friday, 22 January 2021.

2. (I) The short name of the Notes is NipponLife n2.75%510121A and the ISIN Code is US654579AH48.

(II) The short name of the Notes is NipponLife n2.75%510121R and the ISIN Code is USJ54675BA04.

The letter 'R' denotes that trading of the Notes issued under Regulation S. The letter 'A' denotes that trading of the Notes issued under Rule 144A.

3. The Notes will be quoted and traded in United States dollars (US$). The Notes will be in denominations of US$200,000 and integral multiples of US$1,000. The Notes will be traded in a minimum board lot size of US$200,000.

4. The issue date of the Notes is 21 January 2021.

5. The name and address of the Principal Paying Agent is as follows:

The Bank of New York Mellon
240 Greenwich Street
New York, NY 10286
United States of America

6. The Lead Managers and Bookrunners of the Notes are J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Corporate and Investment Bank and BofA Securities, Inc.

7. The above Notes will not be CDP eligible securities and will not be settled through CDP.

8. Please refer to the Issuer's offering documents for complete details before trading.

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.