COLUMBUS, Ga., Oct. 16, 2017 /PRNewswire/ -- Aflac
Incorporated announced today that it has priced ¥60 billion (par
value) in yen-denominated subordinated debentures with a coupon
of 2.108%. The subordinated debentures will mature in 2047 and
are redeemable in whole or in part after ten years at a redemption
price equal to their principal amount. The company intends to use
the net proceeds from this offering to fund all or a portion of the
redemption price of its 5.50% subordinated debentures due 2052, of
which $500 million principal amount
is outstanding.
This offering is being made pursuant to an effective shelf
registration statement previously filed by Aflac Incorporated with
the Securities and Exchange Commission (SEC) and only by means of a
prospectus supplement and accompanying prospectus. The registration
statement and other documents that Aflac Incorporated has filed
with the SEC that contain more complete information about Aflac
Incorporated and this offering may be obtained by contacting:
Mizuho International plc
30 Old Bailey
London, EC4M 7AU
United Kingdom
Tel: +44 20 7090 6321
Email: DL-MHI-PrimaryDebt-Syndicate@uk.mizuho-sc.com
Morgan Stanley & Co. International plc
25 Cabot Square
Canary Wharf
London E14 4QA
United Kingdom
Tel: +44 20 7677 7799
SMBC Nikko Securities America, Inc.
Attn: Securities Operations
277 Park Avenue
New York, NY 10172
Tel: 888.868.6856
Email: prospectus@smbcnikko-si.com
Alternatively, these documents may be obtained by visiting the
SEC website at www.sec.gov.
This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy any of these securities, nor shall
there be any sale of these 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.
About Aflac
When a policyholder gets sick or hurt, Aflac pays cash benefits
fast. For more than six decades, Aflac insurance policies have
given policyholders the opportunity to focus on recovery, not
financial stress. In the United
States, Aflac is the leader in voluntary insurance sales at
the worksite. Through its trailblazing One Day PaySM
initiative, Aflac U.S. can receive, process, approve and disburse
payment for eligible claims in one business day. In Japan, Aflac is the leading provider of
medical and cancer insurance and insures one in four households.
Aflac insurance products help provide protection to more than 50
million people worldwide. For 11 consecutive years, Aflac has been
recognized by Ethisphere as one of the World's Most Ethical
Companies. In 2017, Fortune magazine recognized Aflac as one of the
100 Best Companies to Work for in America for the 19th consecutive
year and in 2017 included Aflac on its list of Most Admired
Companies for the 16th time. Aflac Incorporated is a Fortune 500
company listed on the New York Stock Exchange under the symbol AFL.
To find out more about Aflac and One Day PaySM, visit
aflac.com or aflac.com/espanol.
Forward-looking Information
The Private Securities Litigation Reform Act of 1995 provides
a "safe harbor" to encourage companies to provide prospective
information, so long as those informational statements are
identified as forward-looking and are accompanied by meaningful
cautionary statements identifying important factors that could
cause actual results to differ materially from those included in
the forward-looking statements. We desire to take advantage of
these provisions. This report contains cautionary statements
identifying important factors that could cause actual results to
differ materially from those projected herein, and in any other
statements made by Company officials in communications with the
financial community and contained in documents filed with the
Securities and Exchange Commission (SEC).
Forward-looking statements are not based on historical
information and relate to future operations, strategies, financial
results or other developments. Furthermore, forward-looking
information is subject to numerous assumptions, risks and
uncertainties. In particular, statements containing words such as
"expect," "anticipate," "believe," "goal," "objective," "may,"
"should," "estimate," "intends," "projects," "will," "assumes,"
"potential," "target", "outlook" or similar words as well as
specific projections of future results, generally qualify as
forward-looking. Aflac undertakes no obligation to update such
forward-looking statements. We caution readers that the following
factors, in addition to other factors mentioned from time to time,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: difficult
conditions in global capital markets and the economy; exposure to
significant interest rate risk; concentration of business in
Japan; foreign currency fluctuations in the yen/dollar
exchange rate; failure to execute or implement the
conversion of the Japan branch
conversion to a legal subsidiary; limited availability of
acceptable yen-denominated investments; deviations in actual
experience from pricing and reserving assumptions; ability to
continue to develop and implement improvements in information
technology systems; governmental actions for the purpose of
stabilizing the financial markets; interruption in
telecommunication, information technology and other operational
systems, or a failure to maintain the security, confidentiality or
privacy of sensitive data residing on such systems; ongoing changes
in our industry; failure to comply with restrictions on patient
privacy and information security; extensive regulation and changes
in law or regulation by governmental authorities; defaults and
credit downgrades of our investments; ability to attract and retain
qualified sales associates and employees; decline in
creditworthiness of other financial institutions; subsidiaries'
ability to pay dividends to Aflac Incorporated; decreases in our
financial strength or debt ratings; inherent limitations to risk
management policies and procedures; concentration of our
investments in any particular single-issuer or sector;
differing judgments applied to investment valuations; ability to
effectively manage key executive succession; significant valuation
judgments in determination of amount of impairments taken on our
investments; catastrophic events including, but not necessarily
limited to, epidemics, pandemics, tornadoes, hurricanes,
earthquakes, tsunamis, acts of terrorism and damage incidental to
such events; changes in U.S. and/or Japanese accounting standards;
loss of consumer trust resulting from events external to our
operations; increased expenses and reduced profitability resulting
from changes in assumptions for pension and other postretirement
benefit plans; level and outcome of litigation; failure of internal
controls or corporate governance policies and procedures; and other
risks and uncertainties described from time to time in Aflac
Incorporated's filings with the SEC.
Analyst and investor contact – David A.
Young, 706.596.3264 or 800.235.2667, FAX 706.324.6330, or
dyoung@aflac.com
Media contact – Jon Sullivan,
706.763.4813 or jsullivan@aflac.com
View original content with
multimedia:http://www.prnewswire.com/news-releases/aflac-incorporated-prices-60-billion-of-yen-denominated-subordinated-debentures-300537666.html
SOURCE Aflac Incorporated