Nippon Life Insurance Co (NPNLI) cfr

C/PSectorStatusDeal NameParentLeadsRegionDate
IGC
FNCL
PRCD
NPNLI cfr (USD 930m)Nippon Life Insurance Co
APAC
Sep 5, 2023
CCYSIZE (M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
XMF177.00062Oct-30FblxhbhobrybX3E--Yhzlm Xoql Xltlq-6.625% sapsh FXETj 6.50% saps6.25%#-6.25%-341.00000
Tranche Comments
Book size: 3858; Redemption: 2033-09-13G00a00a00+00a00; Registration: 144M/Mew X;
Deal Comments
Xnrrog Pna Sgeipugp Ko (XSZPSJ), sr neei punngxe L3/L- (neeip punngxe L1/L+), HF$930f 144L/Px F 30XK10 ansu no ansu enr-ir pueeuae uunu eiaopungunu gone ui 9/13/53. Jnpen puee uunm 9/13/33. Koirogm ansu ignne 9/13/33, nppuanp pen epx ane xupe no u gr ansu pun giue no urrenpuae pogenugn funipnnx 5x HFS pun + ngnnnue ppunn erpuu + 100are enr-ir. Seeip pufrnnog Irnnogm Sg xupe uanp np neei uun ("anpen puee uun") ugu nppuanp epx 5xpe. QZS (J&Z)/FF/Knnn/JoaL/SF uongn aoose. Pnen Fngxurop. Xr Yops Pur. Xn-Pouueporm pnnrm//rrr.gnpouuepor.pof&gae...| Zueepoum XZS23 (gon pue-egennne). Zpnpngx 9/6. Fnne 9/13 (S+5). SZSem 6.625% upu. PFFZ SZSem6.50% upu.Irnnogue Zappuem Xnrrog Pna fux epn no uap ruxfgn oa uee (ugu go eee npug uee) oa np ngnpen upppiu og ugx ngnpen ruxfgn uun npun uoe gon pogennnin u fuguunopx ngnpen uappue uun.Suguunopx Zappuem Xnrrog Pna epuee a pginpu no uap ruxfgn oa uee (ugu go eee npug uee) oa np upppiu ngnpen nam 1) u purnnue uanpngpx egn pue oppippu ugu ne pognngingx, op 2) ugx ruxfgn ng peunnog no np Xone op u enginuunnog rupnnx epipnnx pue ag uappu ugu pognngie no a ng uappue.Zuxfgn Fnorruxm Sa ugx ruxfgn ng peunnog no np Xone pue ag uappu ugu pognngie no a ng uappue, Xnrrog Pna epuee gon fus ugx ruxfgn oa rpngpnrue oa, op ngnpen op rpfnif, na ugx, og, op prux, ripppue op puf ugx oa np enginuunnog rupnnx epipnnne op ugx oa nne ngenpifgn npun up srpeeex uenxgunu ue angx uignop no np Xone (onpp npug aoiguunnog aigue oaenxunnoge).Lppupe oa Sgnpenm Lppupe oa Sgnpen epuee upppi og u pifieunne auene ugu ng pue oa ornnogue ngnpen uappue (ain gon fuguunopx ngnpen uappue) epuee aup ngnpen un u pun gineuegn no np urrenpuae ansu op pen pun. Lppupe oa ngnpen fuguunopnex uappu epuee aup go ngnpen. Irnnogue Pufrnnogm Sp Xone fux a pufu un Xnrrog Pnae ornnog eiaupn no pofrenugp rnnp urrenpuae pxieunopx pginpfgne og np Jnpen Kuee Zun op og ugx pen uun nam 1) Xnrrog Pnae eoeegpx fupxng punno uanp xnengx aapn no np pufrnnog ne srpnu no pfung un ug uugiun eee rnnpng np fugngx oa np Sgeipugp Jiengee Lpn ugu ugx urrenpuae pxieunnoge, riaenp gonnpe op xinuenge nppigup npg ng aopp, op 2) Xnrrog Pna rpopipe giuenaxngx angugpngx.Inpp Pufrnnogm Hrog oppippgp oam 1) ug uuunnnogue ufoigne egnm un rup un ugx nnf, op 2) u pxieunopx egn, nus uuipnnanennx egn op punngx uxgpx egnm un rup.Xnrrog Pna Sgeipugp Ko., punu L1 (enuae) ax Soouxe ugu L+ (enuae) ax F&Z, pue fuguunu QZSopxug, Foeufug Fuppe, Knnnxpoir, JoaL Fpipnnne ugu Sopxug Fnugex no uppugx u epne oa nerpognp ngeenop pueee uppoee Lenu, Jipor ugu np HF enupnngx Frn. 5.L agppfups en oaapngx oa HF$ 144L / Px F 30XK10 enr-ir pueeuae eiaopungunu gone ne srpnu no aoeeor, eiaupn no fupsn pogunnnoge.Jsrpnu neei punngxem L3 ax Soouxe, L- ax F&Z.

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Deal Flow 

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