By Aleesia Forni
Virginia Beach, Nov. 4 – Aflac Inc. sold $750 million of 3.625% 10-year senior notes (A3/A/) on Tuesday with a spread of Treasuries plus 130 basis points, according to an FWP filing with the Securities and Exchange Commission.
Pricing was at 99.899 to yield 3.637%.
The notes were talked in the Treasuries plus 137.5 bps area.
Bookrunners are Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and Wells Fargo Securities LLC.
Proceeds will be used for general corporate purposes.
The company provides supplemental health and life insurance through its subsidiaries and is based in Columbus, Ga.
| Issuer: | Aflac Inc.
|
| Amount: | $750 million
|
| Description: | Senior notes
|
| Maturity: | Nov. 15, 2024
|
| Bookrunners: | Goldman Sachs & Co., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities LLC
|
| Senior co-managers: | J.P. Morgan Securities LLC, BofA Merrill Lynch, Credit Suisse Securities (USA) LLC
|
| Co-managers: | BNY Mellon Capital Markets LLC; MUFG, SMBC Nikko Securities America Inc., Synovus Securities, Inc.
|
| Coupon: | 3.625%
|
| Price: | 99.899
|
| Yield: | 3.637%
|
| Spread: | Treasuries plus 130 bps
|
| Make-whole call: | Treasuries plus 20 bps
|
| Trade date: | Nov. 4
|
| Settlement date: | Nov. 7
|
| Ratings: | Moody’s: A3
|
| Standard & Poor's: A
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 137.5 bps area
|
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