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.