Summary
Aflac Incorporated announced on September 28, 2006, the issuance of Euroyen bonds totaling 45 billion yen, equivalent to approximately $384 million at the prevailing exchange rate. These bonds are registered for secondary market trading in Japan under a Uridashi shelf registration. The issuance consists of three tranches with varying interest rates and maturity dates, with maturities ranging from 2011 to 2016. Importantly, these securities are not available to U.S. residents or entities and are not registered in the United States.
Key Highlights
- 1Aflac issued 45 billion yen in Euroyen bonds (approx. $384 million).
- 2Bonds are registered for trading in Japan's secondary market via a Uridashi shelf registration.
- 3Three tranches with maturities in 2011 and 2016.
- 4Interest rates include fixed rates (1.52%, 2.26%) and a variable rate (yen LIBOR + spread).
- 5Proceeds are intended for general corporate purposes, including potential debt refinancing.
- 6Bonds are not offered or sold to U.S. investors and are not registered in the U.S.