Mitsui Sumitomo Insurance prices 200bn yen bond offering

Mitsui Sumitomo Insurance Co. priced 200 billion yen in domestic unsecured bonds across four series with varying maturities and rates.

The offering comprises 40 billion yen in three-year bonds at 1.127%, 60 billion yen in five-year bonds at 1.437%, 50 billion yen in seven-year bonds at 1.709%, and 50 billion yen in 10-year bonds at 2.066%.

The AA-rated bonds were offered to institutional investors, with proceeds earmarked for working capital, bond redemption, and long-term investments.