Asahi Mutual Life calls $430 million 6.5% step-up perpetuals

By William Gullotti

Buffalo, N.Y., July 25 – Asahi Mutual Life Insurance Co. issued a redemption notice for all of its $430 million 6.5% step-up callable perpetual subordinated bonds (ISIN: XS1852563086), according to an announcement with an appended redemption notice on Tuesday.

The bonds will be redeemed at par plus accrued and unpaid interest up to the Sept. 5 redemption date.

The series was issued Sept. 5, 2018.

The insurance company is based in Tokyo.

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