Aflac said it entered into a Note Purchase Agreement on March 19, 2024 and issued yen-denominated senior notes in a private placement with an aggregate principal amount of ¥75,000,000,000. The company said it plans to use the net proceeds for general corporate purposes.

1. 01

   Aflac said it entered into a Note Purchase Agreement on March 19, 2024 and issued yen-denominated senior notes in a private placement with an aggregate principal amount of ¥75,000,000,000. The company said it plans to use the net proceeds for general corporate purposes.

2. 02

   The company structured the private placement notes in five series, from Series A ¥18,300,000,000 (1.600%, due 2034) to Series E ¥19,500,000,000 (2.400%, due 2054). Interest is payable semiannually on March 19 and September 19 each year, beginning on September 19, 2024.

3. 03

   The company issued senior notes in a public offering on March 21, 2024: ¥13,000,000,000 of 1.048% notes due 2029, ¥27,900,000,000 of 1.412% notes due 2031, and ¥7,700,000,000 of 1.682% notes due 2034. The company said it plans to use the net proceeds for general corporate purposes.

4. 04

   The company said interest on the public offering notes is payable semiannually in arrears on March 21 and September 21 each year, beginning on September 21, 2024. The 2029 and 2031 notes may be redeemed 3 months before maturity, and the 2034 notes 6 months before maturity, at a price equal to 100% of principal plus accrued unpaid interest.

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.