MS&AD unit Aioi calls ¥28 billion of unsecured subordinated bonds

By Susanna Moon

Chicago, July 28 – MS&AD Insurance Group Holdings, Inc. said consolidated subsidiary Aioi Nissay Dowa Insurance Co., Ltd. plans to redeem ¥28 billion of callable unsecured subordinated bonds.

The bonds will be redeemed at par of ¥100 each on Sept. 27.

The redemption was approved at a board meeting held Thursday, according to a company notice.

MS&AD is an insurance holding company based in Tokyo.

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