8-KOther EventsExhibits & Filings

AFLAC INC 8-K Report, Corporate Update (Jul 20, 2005)

Filed July 20, 2005For Securities:AFL

Summary

Aflac Incorporated announced on July 20, 2005, the issuance of 40 billion yen (approximately $360 million) in yen-denominated "Samurai" bonds. These bonds carry a semiannual interest rate of 0.71% and mature on July 20, 2010. This marks the first issuance under a previously established 100 billion yen shelf registration filed in Japan in December 2003. The primary purpose for the net proceeds from this bond issuance is for general corporate purposes, which may include debt repayment. Investors should note that these securities are not registered in the U.S. and are not intended for sale to U.S. investors unless compliant with U.S. securities laws. This filing is primarily an "Other Events" disclosure regarding a significant financing activity in the Japanese market.

Key Highlights

  • 1Aflac issued 40 billion yen (approx. $360 million) in Samurai bonds.
  • 2The bonds mature on July 20, 2010.
  • 3The coupon rate on the bonds is 0.71% paid semiannually.
  • 4This is the first issuance under a previously filed 100 billion yen shelf registration in Japan.
  • 5Proceeds are intended for general corporate purposes, including potential debt repayment.
  • 6The bonds are not registered in the U.S. and are not offered to U.S. investors without proper compliance.

Frequently Asked Questions

Aflac intends to use the net proceeds from the yen-denominated bond issuance for general corporate purposes, which may include the repayment of existing debt.

No, these securities are not registered in the United States and will not be offered or sold to U.S. investors unless they comply with the registration requirements of the Securities Act of 1933 or an available exemption.

A Samurai bond is a yen-denominated bond issued in Japan by a non-Japanese entity.

The shelf registration, filed in December 2003 with Japanese regulatory authorities for up to 100 billion yen, allows Aflac to issue debt securities in Japan over a period of time without having to file a new registration for each issuance. This 40 billion yen issuance is the first to utilize this pre-approved shelf registration.