General Announcement::Capital Enhancement

Issuer & Securities

Issuer/ Manager
THE NORINCHUKIN BANK
Securities
THENORINB US$500M1.284%260922A - US656029AG08 - YLJB
THENORINB US$500M1.284%260922R - USJ5901UAC65 - 8F4B
THENORINB US$500M2.08%310922A - US656029AH80 - YEWB
THENORINB US$500M2.08%310922R - USJ5901UAD49 - GMGB
THENORINB US$500M4.867%270914A - US656029AJ47 - OBYB
THENORINB US$500M4.867%270914R - USJ5901UAE22 - WPAB
THENORINB US$500M5.071%320914A - US656029AK10 - 5X4B
THENORINB US$500M5.071%320914R - USJ5901UAF96 - VQJB
THENORINB US$500M5.43%280309A - US656029AL92 - FDXB
THENORINB US$500M5.43%280309R - USJ5901UCR17 - QEUB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
07-Oct-2024 10:42:07
Status
New
Announcement Sub Title
Capital Enhancement
Announcement Reference
SG241007OTHRGJQN
Submitted By (Co./ Ind. Name)
Takuya Matsumoto
Designation
Manager
Effective Date and Time of the event
30/09/2024 17:00:00
Description (Please provide a detailed description of the event in the box below)
<Capital Enhancement>

The Norinchukin Bank ("The Bank") announces today that it has completed the transaction of redeeming 716.9 billion Yen of its perpetual subordinated loans (AT1 capital) and issuing 736.0 billion Yen of its lower-dividend rate stocks (CET1 capital) on September 30, 2024, as previously announced on August 1st. Both transactions involve its member cooperatives ("members") and the Bank only.

Regarding fixed-term subordinated loans, the Bank is currently proceeding with capital enhancement measures under the resolution announced on August 1st. The transactions also involve its members and the Bank only, and the final results will be disclosed upon settlement.

The Bank expresses deep gratitude for the conviction and cooperation of its members, which has enabled today's announcement. With the trust of its members, the Bank will steadily improve its investment portfolio and pursue initiatives to establish an even more robust profitability base.