Aflac Incorporated Issues Yen-Denominated Bonds
June 26 2007 - 11:30AM
PR Newswire (US)
COLUMBUS, Ga., June 26 /PRNewswire-FirstCall/ -- Aflac Incorporated
announced today that it has issued yen-denominated (Samurai) bonds
totaling yen 30 billion, or approximately $243 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 February 2006 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 more than 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. Our insurance products provide protection to more
than 40 million people worldwide. Aflac has been included in
Fortune magazine's listing of America's Most Admired Companies for
seven consecutive years and in Fortune magazine's list of the 100
Best Companies to Work For in America for nine consecutive years.
Aflac has also been recognized three times by both Fortune
magazine's listing of the Top 50 Employers for Minorities and
Working Mother magazine's listing of the 100 Best Companies for
Working Mothers. 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 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," 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: 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 and employees; 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;
catastrophic events; and general economic conditions in the United
States and Japan. 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO )
http://www.newscom.com/cgi-bin/prnh/20041202/CLTH019LOGO
http://photoarchive.ap.org/ DATASOURCE: Aflac Incorporated CONTACT:
Analysts and investors: Kenneth S. Janke Jr., +1-800-235-2667,
option 3, FAX: +1-706-324-6330, , or Media: Laura Kane,
+1-706-596-3493, FAX: +1-706-320-2288, , both of Aflac Incorporated
Web site: http://www.aflac.com/
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