Aflac Incorporated Completes ¥60 Billion SEC-Registered Offering of Senior Notes

January 25, 2017

Aflac Incorporated, a leading provider of supplemental health and life insurance in the United States and Japan, completed an SEC-registered offering of ¥60 billion principal amount of its 0.932% senior notes due 2027. The notes were offered pursuant to a U.S. shelf registration statement primarily to Japanese qualified institutional investors. S&C represented the underwriters, led by Merrill Lynch International, Mizuho International plc, Morgan Stanley & Co. International plc and SMBC Nikko Securities America, Inc.
The S&C team consisted of Marion Leydier, Brian Wessel and Kelly Yamashita. Robert Fettman assisted on insurance regulatory matters, and Izumi Akai and Keiji Hatano provided advice regarding Japanese market practice. Jeffrey Hochberg advised on tax matters.