Aflac to redeem $350 million of 4% notes due February 2022

By Rebecca Melvin

New York, Dec. 11 – Aflac Inc. plans to redeem all or a portion of its $350 million outstanding of 4% senior notes due February 2022 using proceeds of new senior notes, according to a company release.

Any remaining proceeds will be used for general corporate purposes.

Aflac priced ¥38 billion fixed-rate senior notes, consisting of ¥12.6 billion of 0.5% senior notes due 2029, ¥9.3 billion of 0.843% senior notes due 2031, ¥9.8 billion of 0.934% senior notes due 2034 and ¥6.3 billion of 1.122% senior notes due 2039.

The company provides supplemental health and life insurance through its subsidiaries and is based in Columbus, Ga.

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