Nippon Life Insurance Co (NIPLIF)

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Nippon Life Insurance Co (NIPLIF)

C/P	Industry	Status	Ticker(s)	Issuer(s)	Size(m)		Tranches	Region	Date
IGC	FNCL	PRCD	NIPLIF	Nippon Life Insurance Co	€500		1	APAC	Jan 16, 2025

Tranche #1Nippon Life Insurance Co

currency

EUR

size (m)

500.000

maturity

Jan 23, 2055

type

Fixed Rate Reset

tenor

30.000

call

10.00

registration

Reg S Only

benchmark

Swaps

ranking

Tier 2

moody's

s&p

A-

fitch

size description

re-open/tap

ipt

MS+200 area

ipt-pxd

-40

guidance

MS+160

spread

160

coupon

4.114%

spread set

price

100.00000

yield

4.114%

book size (m)

5,750

peak book (m)

x-covered

11.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

book size (m)

5,750

peak book (m)

x-covered

11.5

book attrition

nic

billing & delivering

active leads

joint leads

,,,,

passive leads

co-managers

coordinating managers

Tranche Comments

30 yr: Book size: 5750; Redemption: 2035-01-23; Registration: Reg S Only; Comments: EUR500m 30NC10 (01/23/2055), cpn 4.114% at par, yld 4.114%. +157.1bp vs DBR 2.6 08/15/34 (Spot 100.47, HR 96%). LEI: 549300Y0HHMFW3EVWY08;

Deal Comments

Tier 2

Use of Proceeds

General Corporate Purposes

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Nippon Life Insurance Co (NIPLIF)

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