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New Issue- Nippon Life prices $2.0 bln 2042 bond

October 11(Reuters) -Following are terms and conditions

of a bond priced on Thursday. Borrower Nippon Life Insurance Co Issue Amount $2.0 billion Maturity Date October 18, 2042 Coupon 5.0 pct Issue price Par Reoffer price Par Yield 5.0 pct Spread 327.8 basis points Underlying govt bond Over UST Payment Date October 17, 2012 Lead Manager(s) Citi & JPMorgan Ratings A2 (Moody's) Full fees Undisclosed For ratings information, double click on For all bonds data, double click on For Top international bonds news For news about this issuer, double click on the issuer RIC, where assigned, and hit the newskey (F9 on Reuters terminals) Data supplied by International Insider. ((EMEA Fixed Income Desk Bangalore; jenifer.prabhaker@thomsonreuters.com; Reuters Messaging jenifer.prabhaker.reuters.com@reuters.net; +91 80 4135 5666, fax +44 20 7542 5285))