Nippon Life Insurance Sub. Loan: R&I Assigns A+ Formal
(WorldNews Japan)

NEWS RELEASE Sep 23, 2020 Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Nippon Life Insurance Co. RATIONALE: Japanese only R&I RATINGS: OBLIGOR: Nippon Life Insurance Co. Sub. Loan RATING: A+, Assigned AMOUNT (mn): JPY 130,000 LOAN EXECUTION DATE: Sep 23, 2020 MATURITY DATE: Sep 20, 2050 INTEREST RATE: Until September 23, 2030: 1.05%; From September 24, 2030: 5-year JGB yield + 2.03% (The rate will...