Announcement of Capital Increase
August 7, 2018
The Norinchukin Bank
Announcement of Capital Increase
The Norinchukin Bank (the "Bank") hereby announces that the Bank resolved that it will seek an improvement of its capital profile in respect to future regulatory changes, by an early redemption of approximately ¥1.5 trillion existing subordinated loan and issuance of up to ¥1,217.4 billion perpetual subordinated loan as well as up to ¥562.3 billion lower-dividend rate stocks , both from and to its members on March 29, 2019.
The Bank will move forward with the necessary procedures with its members, including notification regarding allocations of the capital increase.