The step-up callable subordinated notes are due 2054

Davis Polk advised the joint lead managers in connection with a Rule 144A / Regulation S offering by Meiji Yasuda Life Insurance Company of $1.75 billion aggregate amount of 5.800% step-up callable subordinated notes due 2054. The notes are listed on the Singapore Exchange Securities Trading Limited.

Meiji Yasuda is one of the largest private life insurance companies in Japan, as measured by premium income.

The Davis Polk corporate team included partner Christopher Kodama and associates Haruka Moriya and Akiko Okamoto. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Ya Sheng Lin provided tax advice. Counsel Charles Shi provided ERISA advice. Members of the Davis Polk team are based in the Tokyo, London and New York offices.

Copy link to share post