Debt - Listing Confirmation::US$1,150,000,000 3.4% Step-up Callable Subordinated Notes due 2050

Issuer & Securities

Issuer/ Manager
NIPPON LIFE INSURANCE COMPANY
Securities
NIPPONLIFEUS$1.15B3.4%N500123A - US654579AG64 - MBEB
NIPPONLIFEUS$1.15B3.4%N500123R - USJ54675AZ63 - QEWB

Announcement Details

Announcement Title
Debt - Listing Confirmation
Date &Time of Broadcast
23-Jan-2020 17:30:49
Status
New
Announcement Sub Title
US$1,150,000,000 3.4% Step-up Callable Subordinated Notes due 2050
Announcement Reference
SG200123OTHRSXRI
Submitted By (Co./ Ind. Name)
Securities Market Control
Designation
SGX-ST
Effective Date and Time of the event
24/01/2020 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 Bond Market with effect from 9.00 a.m., Friday, 24 January 2020.

2. (I) The short name of the Notes is NipponLife n3.4%500123A and the ISIN Code is US654579AG64.

(II). The short name of the Notes is NipponLife n3.4%500123R and the ISIN Code is USJ54675AZ63

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 23 January 2020.

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

The Bank of New York Mellon
101 Barclay Street
New York, NY 10286
U.S.A


6. The Lead Managers and Bookrunners of the Notes are J.P. Morgan Securities LLC, Citigroup Global Markets Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC.

7. 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.