Aflac Issuing $750 Million 2-Part Deal In US Credit Markets - Source
February 08 2012 - 10:17AM
Dow Jones News
Aflac Inc. (AFL) plans to issue $750 million of bonds in a
two-part offering to the U.S. credit markets Wednesday, according
to a person familiar with the matter.
The deal features five- and 10-year bonds.
The bonds are expected to be rated A3 by Moody's Investors
Service and A-minus by Standard & Poor's and Fitch Ratings.
They are registered with the Securities and Exchange
Commission.
The Columbus, Ga., health and life insurance holding company
will use the proceeds to redeem $347 million of outstanding Samurai
notes -- yen-denominated notes -- maturing in June, and for general
corporate purposes.
Goldman Sachs Group and J.P. Morgan are leading the sale.
-By Patrick McGee, Dow Jones Newswires; 212-416-2382;
patrick.mcgee@dowjones.com
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