debt
confidence high
sentiment neutral
materiality 0.55
Aflac issues ¥73B in four senior note tranches to refinance $1.2B of 2024/2025 notes
AFLAC INC
- Issued ¥33.4B 1.075% notes due 2029, ¥21.1B 1.320% notes due 2032, ¥6.5B 1.594% notes due 2037, ¥12B 2.144% notes due 2052.
- Net proceeds, with cash and term loan, to redeem $750M of 3.625% notes due 2024 and $450M of 3.250% notes due 2025.
- Notes are unsecured senior obligations, ranking equally with existing senior debt; interest payable semi-annually.
- Underwriters include Mizuho, Morgan Stanley, and SMBC Nikko; notes offered via existing shelf registration.