AFLAC: Aflac Incorporated Announces Inaugural Funding for Aflac Life Insurance Japan Ltd. in a Private Placement of ¥30 Billion of Perpetual Bonds

Aflac issued the following announcement on April 12.

Aflac Incorporated (NYSE: AFL) announced today that its subsidiary, Aflac Life Insurance Japan Ltd. ("Aflac Japan"), has priced ¥30 billion (par value) in yen-denominated perpetual subordinated bonds (the "Bonds"). The Bonds will bear interest at a fixed rate of 0.963% per annum and then at six-month Euro Yen LIBOR plus an applicable spread on and after the day immediately following April 18, 2024. The Bonds will be callable on each interest payment date on and after April 18, 2024. Aflac Japan anticipates using the net proceeds of the offering for general corporate purposes.

The notes have not been registered under the Securities Act of 1933 (the "Securities Act") or any state securities laws and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act.

This press release shall not constitute an offer to sell nor the solicitation of an offer to buy the Bonds or any other securities, nor shall there be any sale of the Bonds or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Any offers of the Bonds will be made only by means of a private offering memorandum. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.

Original source can be found here.

Want to get notified whenever we write about Aflac ?

Sign-up Next time we write about Aflac, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story


More News

Metro Business Network