trending Market Intelligence /marketintelligence/en/news-insights/trending/sNaBS3KN8glASoyoauSw-Q2 content esgSubNav
In This List

Aflac prices ¥38B yen-denominated senior note offering

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The Worlds Largest Life Insurers, 2023

Blog

The World's Largest P&C Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


Aflac prices ¥38B yen-denominated senior note offering

Aflac Inc. priced an offering of ¥38 billion of fixed-rate, yen-denominated senior notes.

The offering consists of ¥12.6 billion of 0.500% senior notes due 2029, ¥9.3 billion of 0.843% senior notes due 2031, ¥9.8 billion of 0.934% senior notes due 2034 and ¥6.3 billion of 1.122% senior notes due 2039.

Aflac intends to use the net proceeds from the offering to wholly or partially fund the redemption of its outstanding $350 million 4% senior notes due February 2022. The company intends to use any remaining proceeds for general corporate purposes.

Goldman Sachs International, Mizuho Securities USA LLC, Morgan Stanley & Co. International PLC and SMBC Nikko Securities America Inc. are the joint book-running managers for the offering, according to a prospectus filing.