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Aflac preparing to sell $500 million 10-year senior notes Monday
By Andrea Heisinger
New York, June 3 - Aflac Inc. is set to sell $500 million of 10-year senior notes (A3/A-/) in Monday's session, according to a 424B5 filing with the Securities and Exchange Commission and a market source.
Bookrunners are Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and J.P. Morgan Securities Inc.
Proceeds will be used to repay, redeem or repurchase one or more of ¥28.7 billion 1.47% Samurai notes due in July of 2014, ¥5.5 billion variable interest rate Samurai notes due July of 2014, $300 million of 3.45% senior notes due in August of 2015 and for general corporate purposes.
The company provides supplemental health and life insurance through its subsidiaries and is based in Columbus, Ga.
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