Redemption of preferred investment securities and policy to dissolve the issuer
First written in FY2018-Q1. 1 of 2 entries say "Achieved", first in FY2018-Q2. Latest entry: FY2018-Q2.
1 other company's latest entry also says "Achieved".
- FY2018-Q2AchievedAnnual report
「Nishi-Nippon City Preferred Capital (Cayman) Limited was liquidated during the second quarter of the current consolidated fiscal year and therefore ceased to qualify as an affiliate.」
The liquidation was completed in the second quarter in relation to the full redemption of the preferred investment securities and the policy to dissolve the issuer set out in the previous filing, and the entity was removed from the group companies. - FY2018-Q1First statedAnnual report
「On 2 June 2017, we and our consolidated subsidiary The Nishi-Nippon City Bank, Ltd. decided to redeem the preferred investment securities issued by Nishi-Nippon City Preferred Capital (Cayman) Limited, a consolidated subsidiary of The Nishi-Nippon City Bank, Ltd. The preferred investment securities were fully redeemed on 18 July 2017 as follows. On 25 July 2017, we and The Nishi-Nippon City Bank, Ltd. decided on a policy to dissolve Nishi-Nippon City Preferred Capital (Cayman) Limited. 3 Total redemption amount: ¥17.0 billion 4 Redemption date: 18 July 2017 5 Reason for redemption: The optional redemption date had arrived」
The JPY-denominated non-cumulative perpetual preferred investment securities were fully redeemed for ¥17.0 billion because the optional redemption date had arrived, and a policy to dissolve the issuer was also decided.