TOKYO -- Nippon Life Insurance is issuing 500 million euros ($518 million) in subordinated bonds, becoming the first major Japanese life insurer to raise money denominated in the European currency, according to the company, part of a trend of the country's insurers raising capital ahead of stricter regulations.
Insurance
Nippon Life plans $518m in euro bonds, a first among Japan insurers
Japanese insurers look to bolster capital before tight regulations take effect
Nippon Life Insurance is issuing bonds denominated in the euro for the first time, as opposed to the dollar or the yen. © Reuters
Read Next
Latest on Insurance
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)