trending Market Intelligence /marketintelligence/en/news-insights/trending/UXLiQZ1XCJH7zZb6VHafpQ2 content esgSubNav
In This List

Aflac prices yen-denominated notes offering

Blog

The Big Picture 2022 Insurance Industry Outlook

Podcast

Next in Tech | Episode 37: Insurance impacts on technology and vice versa

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage


Aflac prices yen-denominated notes offering

Aflac Inc. has priced ¥60 billion in yen-denominated subordinated debentures with a coupon of 2.108%.

The subordinated debentures will mature in 2047 and are redeemable in whole or in part after 10 years at a redemption price equal to their principal amount.

Aflac plans to use the net proceeds from the offering to fund all or a portion of the redemption price of its 5.50% subordinated debentures due 2052, of which $500 million principal amount is outstanding.

Mizuho International Plc, Morgan Stanley & Co. International Plc and SMBC Nikko Securities America Inc. are serving as joint book-running managers for the offering.

As of Oct. 16, US$1 was equivalent to ¥111.69.