U.S. insurer Aflac taps samurai bond market, following Alphabet's move

Aflac sold about ¥65.9 billion (≈$415 million) of yen-denominated bonds across four tranches, according to Bloomberg. The deal included a 10-year tranche paying roughly a 3.482% coupon, underscoring continued investor demand for the paper. The issuance supplies Aflac with offshore funding and may modestly influence its debt funding costs and yen exposure, while signaling appetite among investors for higher-yielding yen bonds. Market impact is likely limited to insurer credit/debt markets and Aflac’s funding profile rather than broader equity-market moves.