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MS&AD Insurance Group Unit to Raise 200 Billion Yen via Domestic Unsecured Straight Bonds Issuance

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MS&AD Insurance Group (TYO:8725) said its unit Mitsui Sumitomo Insurance plans to issue up to 200 billion yen of domestic unsecured straight bonds, with maturities of up to 10 years, according to a Monday filing on the Tokyo Stock Exchange.

The bonds will carry an interest of not more than 4.5% annually, with issuance expected on or after July 1, 2026, and not later than March 31, 2027.

The proceeds will be used to fund working capital needs, refinance existing debt, bond redemption, and support long-term investments and loans.

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