The U.S. insurer priced ¥65.9 billion in yen-denominated debt at a 10-year coupon near 3.482%, mirroring Alphabet’s recent issuance.
Aflac sold ¥65.9 billion ($415 million) of yen-denominated bonds in four tranches, tapping strong investor demand for samurai debt. The 10-year tranche carried a coupon of approximately 3.482%, reflecting competitive pricing in the market.
The move follows Alphabet’s recent samurai bond issuance, signaling continued appetite for yen-denominated corporate debt among global issuers. Samurai bonds, issued in Japan by foreign entities, have gained traction as borrowers seek diversification amid low domestic yields.
No immediate market reaction was reported, though the transaction underscores ongoing demand for higher-yielding corporate debt in Japan’s low-rate environment.