MS&AD Insurance Group to Redeem Subordinated Bonds Early
MT Newswires Live
Sep 29
MS&AD Insurance Group (TYO:8725) has agreed to redeem in full, before maturity, its second and third series of domestic subordinated unsecured bonds with interest deferral and early redemption options.
The second series, issued on Dec. 26, 2016, has a total redemption amount of 30 billion yen, and will be redeemed early on Dec. 26, 2026, according to a Tokyo bourse filing on Tuesday.
The third series, issued on Jan. 31, 2017, has a total redemption amount of 50 billion yen and will be redeemed early on Jan. 31, 2027.
Both bonds will be redeemed at 100 yen per 100 yen principal amount.
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