Aflac prices $400 million worth of notes

AP News
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Posted: Dec 14, 2009 7:42 PM

Aflac Inc. said Monday it is selling $400 million worth of 30-year senior notes and will use the proceeds to repay about $450 million in debt coming due in July.

The supplemental insurer priced the debt to yield 6.984 percent interest.

Shares rose 59 cents to close at $47.14.