Aflac keeps focusing on Japan’s debt markets to secure low debt costs

By Devika Patel

Knoxville, Tenn., Dec. 2 – Aflac Inc. plans to keep focusing on Japan’s debt markets in order to keep its debt costs low and will extend maturities as the need arises.

“In terms of capital markets opportunities, we will continue to tactically leverage our strong ratings, favorable spreads and focus on Japan’s debt markets to secure our low cost of debt and extend maturities as needs and opportunities arise,” deputy chief financial officer and treasurer Max Broden said on the company’s 2020 outlook conference call on Monday.

The Columbus, Ga.-based company provides supplemental health and life insurance.

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