Aflac Incorporated Issues Yen-Denominated Bonds
July 20 2005 - 11:56AM
PR Newswire (US)
Aflac Incorporated Issues Yen-Denominated Bonds COLUMBUS, Ga., July
20 /PRNewswire-FirstCall/ -- Aflac Incorporated (NYSE:AFL)
announced today that it has issued yen-denominated (Samurai) bonds
totaling 40 billion yen, or approximately $360 million at the
current exchange rate. The bonds were issued in Japan under a
previously announced shelf registration filed with Japanese
regulatory authorities. This issuance is the first issuance from
the December 2003 shelf registration. Aflac anticipates that it
will use the net proceeds of the yen-denominated bonds for general
corporate purposes, which shall include, but shall not be limited
to, repayment of debt. For 50 years, Aflac products have given
policyholders the opportunity to direct cash where it is needed
most when a life-interrupting medical event causes financial
challenges. Aflac is the number one provider of guaranteed-
renewable insurance in the United States and the number one
insurance company in terms of individual insurance policies in
force in Japan. Aflac's insurance products provide protection to
more than 40 million people worldwide. In January 2005, Aflac was
included in Fortune magazine's list of the 100 Best Companies to
Work For in America for the seventh consecutive year. Aflac has
also been included in both Forbes magazine's Platinum 400 List of
America's Best Big Companies and in Fortune magazine's listing of
America's Most Admired Companies for five consecutive years. Aflac
Incorporated is a Fortune 500 company listed on the New York Stock
Exchange under the symbol AFL. To find out more about Aflac, visit
aflac.com. 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 document 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 oral discussions 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," 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 in our reports filed with the SEC,
could cause actual results to differ materially from those
contemplated by the forward-looking statements: legislative and
regulatory developments; assessments for insurance company
insolvencies; competitive conditions in the United States and
Japan; new product development and customer response to new
products and new marketing initiatives; ability to attract and
retain qualified sales associates; ability to repatriate profits
from Japan; changes in U.S. and/or Japanese tax laws or accounting
requirements; credit and other risks associated with Aflac's
investment activities; significant changes in investment yield
rates; fluctuations in foreign currency exchange rates; deviations
in actual experience from pricing and reserving assumptions
including, but not limited to, morbidity, mortality, persistency,
expenses, and investment yields; level and outcome of litigation;
downgrades in the company's credit rating; changes in rating agency
policies or practices; subsidiary's ability to pay dividends to
parent company; ineffectiveness of hedging strategies used to
minimize the exposure of our shareholders' equity to foreign
currency translation fluctuations; events resulting in catastrophic
loss of life or injury; and general economic conditions in the
United States and Japan. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO ) Analyst
and investor contact - Kenneth S. Janke Jr., 800.235.2667 - option
3, FAX: 706.324.6330, or Media contact - Laura Kane, 706.596.3493,
FAX: 706.320.2288, or This notice does not constitute an offer of
any securities for sale. The securities to be issued through the
above-referenced shelf registration will not be registered in the
United States and will not be offered or sold to U.S. investors
absent compliance with the registration requirements of the
Securities Act of 1933 or an available exemption from the
registration requirements thereof.
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Analyst and investors, Kenneth S. Janke Jr., +1-800-235-2667,
option 3, or fax, +1-706-324-6330, or , or Media, Laura Kane,
+1-706-596-3493, or fax, +1-706-320-2288, or , both of Aflac
Incorporated Web site: http://www.aflac.com/
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