Summary
Aflac Incorporated announced on June 26, 2007, that it has successfully issued 30 billion yen (approximately $243 million USD) in yen-denominated (Samurai) bonds. This issuance marks the first drawdown from a previously established 100 billion yen shelf registration filed in Japan. The bonds carry a semi-annual interest rate of 1.87% and mature on June 26, 2012, with redemption prior to maturity limited to specific tax events. The net proceeds from this bond issuance are intended for general corporate purposes, including the potential repayment of debt. It is important to note that these securities are not registered in the United States and are not being offered to U.S. investors unless in compliance with U.S. securities regulations or an applicable exemption.
Key Highlights
- 1Aflac issued 30 billion yen (approx. $243 million USD) in Samurai bonds.
- 2This is the first issuance under a February 2006, 100 billion yen shelf registration in Japan.
- 3The bonds mature on June 26, 2012.
- 4The coupon rate on the bonds is 1.87% payable semi-annually.
- 5Redemption prior to maturity is restricted to specific tax events.
- 6Proceeds will be used for general corporate purposes, including debt repayment.
- 7The bonds are not registered for sale in the United States.