New Investment into an Asian Corporate Bond Guar Anteed by CGIF
OREANDA-NEWS. The Dai-ichi Life Insurance Company, Limited (the "Company"; President: Koichiro Watanabe) hereby announces that it has decided to purchase the entire amount of an Indonesian corporate bond guaranteed by the Credit Guarantee and Investment Facility ("CGIF"); the amount is equivalent to 300 billion Indonesian Rupiah (approx. 2.6billion JPY). It is the first time that a Japanese financial institution invests in a CGIF-guaranteed local currency denominated corporate bond. This investment is aligned with the Company's strategy to expand investments in the growing area and region.
CGIF, a trust fund of the Asian Development Bank, is a key component of the Asian Bond Markets Initiatives. The main function of CGIF is to provide credit guarantees for local currency denominated bonds issued by the companies in ASEAN+3(Japan, Korea and China) countries with the aim to aid the development of ASEAN+3'sbond markets.
The Company shares the goal of the initiative and intends to contribute tot he further economic growth of Asia including Japan through this investment while enhancing the Company's investment performance.
The Company, as an institutional investor, will continuously enhance the investments in the growing region and investments which follow the Company's ESG standards.
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